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

Key Points

• Shares recently crossed above their 200-day moving average of $4.03, trading as high as $8.46 and last at $7.38 on heavy volume.
• Despite the technical move, analyst sentiment is negative—MarketBeat shows an average rating of Sell after a downgrade from Wall Street Zen and a sell reiteration from Weiss Ratings.
• The company is small-cap (market cap $51.22M) with a negative P/E (-33.54) and roughly 31.6% institutional ownership, with recent position increases from Citadel and Dimensional and a new holding by DRW.

CVD Equipment Corporation (NASDAQ:CVV - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.03 and traded as high as $8.46. CVD Equipment shares last traded at $7.38, with a volume of 325,559 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of CVD Equipment from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Weiss Ratings reiterated a "sell (e+)" rating on shares of CVD Equipment in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CVD Equipment currently has an average rating of "Sell".

CVD Equipment Trading Down 8.3%

The firm's 50-day simple moving average is $4.45 and its 200 day simple moving average is $4.03. The stock has a market cap of $51.22 million, a P/E ratio of -33.54 and a beta of 1.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CVV. Citadel Advisors LLC boosted its holdings in shares of CVD Equipment by 93.6% in 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 in the last quarter. DRW Securities LLC bought a new position in shares of CVD Equipment in the fourth quarter valued at approximately $45,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of CVD Equipment by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company's stock valued at $241,000 after acquiring an additional 3,556 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.