StockNews.com Begins Coverage on Chicago Rivet & Machine (NYSEAMERICAN:CVR)

Analysts at StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report released on Tuesday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Price Performance

CVR stock opened at $16.29 on Tuesday. The firm has a market capitalization of $15.80 million, a PE ratio of -3.57 and a beta of 0.11. Chicago Rivet & Machine has a 1-year low of $14.73 and a 1-year high of $30.00.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new stake in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned approximately 1.18% of Chicago Rivet & Machine at the end of the most recent reporting period. 19.87% of the stock is currently owned by institutional investors.

Chicago Rivet & Machine Company Profile

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.