CVD Equipment (NASDAQ:CVV) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded CVD Equipment from “sell” to “hold,” while Weiss Ratings maintained a “sell (D-)” rating; MarketBeat reports an overall average rating of “Sell.”
• CVD Equipment shares opened at $8.07, with a $56.09 million market capitalization and a 52-week trading range of $2.76 to $9.10.
• Institutional ownership stands at 31.59%, with recent buying or increased positions from firms including Renaissance Technologies, Citadel Advisors, FNY Investment Advisers, Algert Global, and BlackRock.

CVD Equipment (NASDAQ:CVV - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of CVD Equipment in a research note on Friday, June 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

CVD Equipment Price Performance

Shares of CVV opened at $8.07 on Friday. The firm has a market cap of $56.09 million, a P/E ratio of 5.57 and a beta of 1.25. The stock has a 50 day simple moving average of $7.30 and a two-hundred day simple moving average of $5.77. CVD Equipment has a 1 year low of $2.76 and a 1 year high of $9.10.

Hedge Funds Weigh In On CVD Equipment

Institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new position in CVD Equipment in the 2nd quarter worth approximately $305,000. Algert Global LLC purchased a new stake in shares of CVD Equipment during the second quarter valued at approximately $224,000. Renaissance Technologies LLC boosted 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 purchasing an additional 27,000 shares during the period. Citadel Advisors LLC grew 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 worth $139,000 after purchasing an additional 20,011 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of CVD Equipment in the second quarter worth approximately $130,000. 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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