CVD Equipment (NASDAQ:CVV) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

CVD Equipment Corporation (NASDAQ:CVV) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.08 and traded as high as $3.15. CVD Equipment shares last traded at $3.06, with a volume of 20,639 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of CVD Equipment in a research note on Friday, May 16th. They issued a “hold” rating for the company.

CVD Equipment Stock Performance

The company has a current ratio of 4.00, a quick ratio of 3.49 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $21.05 million, a price-to-earnings ratio of -61.19 and a beta of 0.82. The stock has a fifty day moving average price of $3.26 and a 200-day moving average price of $3.08.

CVD Equipment (NASDAQ:CVV) last announced its quarterly earnings results on Tuesday, August 12th. The industrial products company reported ($0.15) earnings per share for the quarter. CVD Equipment had a negative net margin of 1.27% and a negative return on equity of 1.44%. The company had revenue of $5.11 million during the quarter.

Hedge Funds Weigh In On CVD Equipment

An institutional investor recently raised its position in CVD Equipment stock. Northern Trust Corp raised its position in CVD Equipment Corporation (NASDAQ:CVV) by 63.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,514 shares of the industrial products company’s stock after buying an additional 12,657 shares during the period. Northern Trust Corp owned 0.47% of CVD Equipment worth $143,000 as of its most recent SEC filing. Institutional investors and hedge funds own 31.59% of the company’s stock.

About CVD Equipment

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment offers chemical vapor deposition, physical vapor transport, and thermal process equipment under the FirstNano brand for various markets, such as high power electronics, aerospace advanced materials for gas turbine jet engines, and nanomaterials used in batteries, as well as semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial and research applications.