Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 300 shares, a decline of 25.0% from the March 31st total of 400 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Shares of CVR stock opened at $26.09 on Monday. Chicago Rivet & Machine has a 1 year low of $24.90 and a 1 year high of $32.88. The firm has a market cap of $25.31 million and a P/E ratio of 22.69.
Chicago Rivet & Machine (NYSEAMERICAN:CVR – Get Rating) last announced its quarterly earnings results on Monday, March 21st. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $7.75 million for the quarter. Chicago Rivet & Machine had a net margin of 3.28% and a return on equity of 3.83%.
A number of analysts have recently weighed in on CVR shares. Wolfe Research upgraded shares of Chicago Rivet & Machine from a “market perform” rating to an “outperform” rating in a research note on Friday, January 7th. TheStreet cut shares of Chicago Rivet & Machine from a “b-” rating to a “c+” rating in a research note on Monday, April 18th.
Several institutional investors and hedge funds have recently bought and sold shares of CVR. American Assets Investment Management LLC bought a new stake in shares of Chicago Rivet & Machine in the 4th quarter worth about $256,000. Cannell Capital LLC grew its holdings in shares of Chicago Rivet & Machine by 33.0% in the 3rd quarter. Cannell Capital LLC now owns 3,269 shares of the company’s stock worth $88,000 after purchasing an additional 811 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Chicago Rivet & Machine by 1.5% in the 3rd quarter. Morgan Stanley now owns 28,241 shares of the company’s stock worth $759,000 after purchasing an additional 426 shares during the last quarter.
About Chicago Rivet & Machine (Get Rating)
Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment manufactures automatic rivet setting machines and assembly equipment, as well as parts and tools for related machines.
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