Chicago Rivet & Machine (NYSEAMERICAN:CVR) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report issued on Monday. The firm set a “sell” rating on the stock.

Chicago Rivet & Machine Price Performance

Shares of CVR opened at $17.26 on Monday. The firm has a market cap of $16.74 million, a PE ratio of -3.79 and a beta of 0.13. Chicago Rivet & Machine has a 1 year low of $14.73 and a 1 year high of $29.33.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new stake in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned 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 and hedge funds.

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.