Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report issued on Tuesday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of Chicago Rivet & Machine stock opened at $15.15 on Tuesday. Chicago Rivet & Machine has a one year low of $14.73 and a one year high of $28.00. The stock has a market capitalization of $14.70 million, a PE ratio of -3.24 and a beta of 0.14.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its quarterly earnings results on Friday, May 10th. The company reported ($0.72) EPS for the quarter. Chicago Rivet & Machine had a negative net margin of 14.75% and a negative return on equity of 16.82%. The firm had revenue of $7.85 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new stake in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned approximately 1.18% of Chicago Rivet & Machine at the end of the most recent quarter. 19.87% of the stock is owned by hedge funds and other institutional investors.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.