CVD Equipment (NASDAQ:CVV) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• CVD Equipment shares crossed above their 200-day moving average, reaching $8.19 before last trading at $7.82, compared with a 200-day average of $5.72.
• Despite the technical breakout, the stock retains a consensus “Sell” rating; Weiss Ratings reiterated its “sell (D-)” assessment.
• Institutional ownership stands at 31.59%, with several firms—including Renaissance Technologies and Citadel Advisors—recently increasing their positions or initiating stakes.

CVD Equipment Corporation (NASDAQ:CVV - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.72 and traded as high as $8.19. CVD Equipment shares last traded at $7.82, with a volume of 89,068 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of CVD Equipment in a research report on Friday, June 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, CVD Equipment has a consensus rating of "Sell".

CVD Equipment Stock Performance

The firm has a 50 day simple moving average of $7.19 and a two-hundred day simple moving average of $5.72. The stock has a market cap of $54.27 million, a P/E ratio of -15.33 and a beta of 1.25.

Institutional Investors Weigh In On CVD Equipment

Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in shares of CVD Equipment in the 2nd quarter worth approximately $305,000. Renaissance Technologies LLC increased its stake in shares of CVD Equipment by 17.5% during the first quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 27,000 shares during the period. Citadel Advisors LLC increased its stake 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 acquiring an additional 20,011 shares during the period. BlackRock Inc. bought a new stake in CVD Equipment during the second quarter worth approximately $130,000. Finally, DRW Securities LLC bought a new stake in CVD Equipment during the fourth quarter worth approximately $45,000. 31.59% of the stock is currently owned by institutional investors.

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.

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