CVD Equipment (NASDAQ:CVV) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

CVD Equipment Corporation (NASDAQ:CVV)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.27 and traded as high as $7.35. CVD Equipment shares last traded at $6.97, with a volume of 64,941 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on CVV shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CVD Equipment in a report on Friday, June 5th. Wall Street Zen downgraded CVD Equipment from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CVD Equipment currently has an average rating of “Sell”.

CVD Equipment Trading Down 1.8%

The stock’s 50-day moving average price is $6.77 and its 200-day moving average price is $5.27. The company has a market capitalization of $48.37 million, a P/E ratio of -13.67 and a beta of 1.23.

Hedge Funds Weigh In On CVD Equipment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DRW Securities LLC acquired a new stake in shares of CVD Equipment during the 4th quarter worth approximately $45,000. Dimensional Fund Advisors LP lifted its holdings in shares of CVD Equipment by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 3,556 shares during the last quarter. Citadel Advisors LLC boosted its position in CVD Equipment by 93.6% during the 3rd 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 period. Renaissance Technologies LLC boosted its position in CVD Equipment by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 27,000 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in CVD Equipment during the 2nd quarter worth $305,000. 31.59% of the stock is currently owned by institutional investors and hedge funds.

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.