Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note issued on Wednesday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN CVR opened at $16.19 on Wednesday. The firm has a market cap of $15.70 million, a price-to-earnings ratio of -3.55 and a beta of 0.11. Chicago Rivet & Machine has a 12-month low of $14.73 and a 12-month high of $30.48.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($1.60) earnings per share for the quarter. The business had revenue of $6.78 million during the quarter. Chicago Rivet & Machine had a negative return on equity of 15.66% and a negative net margin of 13.97%.

Hedge Funds Weigh In On Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new stake in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned approximately 1.18% of Chicago Rivet & Machine as of its most recent SEC filing. 19.87% of the stock is owned by institutional investors.

About Chicago Rivet & Machine

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 engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.