CVD Equipment (NASDAQ:CVV) Stock Rating Lowered by Wall Street Zen

CVD Equipment (NASDAQ:CVV) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CVD Equipment in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

CVD Equipment Stock Performance

NASDAQ CVV opened at $4.28 on Friday. The company has a 50-day moving average price of $4.24 and a two-hundred day moving average price of $3.80. CVD Equipment has a 52 week low of $2.46 and a 52 week high of $6.25. The stock has a market cap of $29.69 million, a price-to-earnings ratio of -19.45 and a beta of 0.95.

CVD Equipment (NASDAQ:CVV) last released its quarterly earnings results on Monday, March 30th. The industrial products company reported ($0.18) earnings per share for the quarter. The business had revenue of $4.95 million for the quarter. CVD Equipment had a negative net margin of 6.18% and a negative return on equity of 5.54%.

Institutional Investors Weigh In On CVD Equipment

A number of institutional investors and hedge funds have recently modified their holdings of CVV. Dimensional Fund Advisors LP boosted its stake in shares of CVD Equipment by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 3,556 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of CVD Equipment by 93.6% during the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 20,011 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of CVD Equipment in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 31.59% of the company’s stock.

About CVD Equipment

CVD Equipment Corporation (NASDAQ: CVV) designs, manufactures and markets custom vacuum deposition systems used to create thin-film coatings and advanced materials for semiconductor, optoelectronic and related industries. Established in 1992 and headquartered in the United States, the company leverages proprietary chemical vapor deposition (CVD), plasma-enhanced CVD, metal-organic CVD (MOCVD), atomic layer deposition (ALD) and physical vapor deposition (PVD) technologies to support both research and production applications.

The company’s product portfolio includes single- and multi-chamber reactors for the deposition of silicon, III-V compounds, metal oxides and other specialty materials, along with fluid-bed reactors for nanoparticle synthesis.