CVD Equipment (NASDAQ:CVV) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• CVD Equipment shares moved above their 200-day moving average, reaching $7.58 before closing at $7.25, compared with the $5.87 200-day average.
• Analyst sentiment remains negative despite Wall Street Zen upgrading the stock from “sell” to “hold”; Weiss Ratings maintained a “sell” rating, and MarketBeat lists a consensus “Sell” rating.
• The company reported quarterly EPS of $1.81 on revenue of $1.95 million, with a 62.01% net margin. Institutional investors own approximately 31.59% of CVD Equipment’s shares.

CVD Equipment Corporation (NASDAQ:CVV - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.87 and traded as high as $7.58. CVD Equipment shares last traded at $7.25, with a volume of 87,370 shares trading hands.

Analyst Upgrades and Downgrades

CVV has been the topic of several research reports. Wall Street Zen raised CVD Equipment from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of CVD Equipment in a research report on Friday, June 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CVD Equipment currently has a consensus rating of "Sell".

CVD Equipment Price Performance

The stock has a market capitalization of $50.39 million, a P/E ratio of 5.00 and a beta of 1.25. The business's 50 day simple moving average is $7.42 and its 200-day simple moving average is $5.87.

CVD Equipment (NASDAQ:CVV - Get Free Report) last released its earnings results on Wednesday, August 12th. The industrial products company reported $1.81 EPS for the quarter. The firm had revenue of $1.95 million during the quarter. CVD Equipment had a net margin of 62.01% and a negative return on equity of 13.91%.

Institutional Investors Weigh In On CVD Equipment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVV. DRW Securities LLC bought a new position in CVD Equipment during the fourth quarter worth about $45,000. BlackRock Inc. acquired a new position in shares of CVD Equipment during the 2nd quarter worth about $130,000. Citadel Advisors LLC increased its stake in shares of CVD Equipment by 93.6% in the 3rd 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 last quarter. Algert Global LLC bought a new stake in shares of CVD Equipment in the 2nd quarter valued at about $224,000. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $241,000 after acquiring an additional 3,556 shares during the period. Institutional investors own 31.59% of the company's stock.

CVD Equipment Company Profile

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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