CVD Equipment (NASDAQ:CVV) Releases Quarterly Earnings Results

CVD Equipment (NASDAQ:CVV) released its earnings results on Wednesday. The industrial products company reported ($0.20) EPS for the quarter, Zacks reports. CVD Equipment had a negative return on equity of 14.18% and a negative net margin of 18.68%.

CVD Equipment Stock Down 7.9%

Shares of NASDAQ:CVV traded down $0.62 during trading on Wednesday, hitting $7.20. The stock had a trading volume of 326,682 shares, compared to its average volume of 189,096. CVD Equipment has a 12-month low of $2.76 and a 12-month high of $9.10. The stock has a market capitalization of $49.97 million, a price-to-earnings ratio of -14.12 and a beta of 1.25. The stock has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $5.72.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CVD Equipment in a report on Friday, June 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of CVD Equipment

Several large investors have recently made changes to their positions in CVV. Dimensional Fund Advisors LP raised its stake in shares of CVD Equipment by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock valued at $241,000 after buying an additional 3,556 shares during the last quarter. DRW Securities LLC acquired a new stake in CVD Equipment during the fourth quarter worth about $45,000. Finally, Citadel Advisors LLC grew its holdings in CVD Equipment by 93.6% during the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 20,011 shares during the period. 31.59% of the stock is owned by hedge funds and other institutional investors.

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.