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

CVD Equipment Corporation (NASDAQ:CVV) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.27 and traded as high as $3.57. CVD Equipment shares last traded at $3.43, with a volume of 41,852 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CVD Equipment in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

CVD Equipment Trading Down 2.8%

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.00 and a quick ratio of 3.49. The firm has a market capitalization of $23.79 million, a PE ratio of -68.59 and a beta of 0.95. The company’s fifty day simple moving average is $3.55 and its 200-day simple moving average is $3.27.

CVD Equipment (NASDAQ:CVV) last posted its quarterly earnings data on Monday, November 10th. The industrial products company reported $0.06 EPS for the quarter. CVD Equipment had a negative return on equity of 1.44% and a negative net margin of 1.27%.The company had revenue of $7.41 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CVD Equipment stock. Citadel Advisors LLC grew its holdings in shares of CVD Equipment Corporation (NASDAQ:CVV) by 93.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,382 shares of the industrial products company’s stock after purchasing an additional 20,011 shares during the quarter. Citadel Advisors LLC owned approximately 0.60% of CVD Equipment worth $139,000 at the end of the most recent quarter. 31.59% of the stock is owned by institutional investors and hedge funds.

CVD Equipment Company Profile

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.