StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research note published on Tuesday. The brokerage issued a sell rating on the stock.
Chicago Rivet & Machine Stock Up 6.0 %
Chicago Rivet & Machine stock opened at $17.26 on Tuesday. Chicago Rivet & Machine has a twelve month low of $14.73 and a twelve month high of $29.33. The firm has a market cap of $16.74 million, a price-to-earnings ratio of -3.79 and a beta of 0.13.
Chicago Rivet & Machine (NYSEAMERICAN:CVR – Get Free Report) last issued its quarterly earnings data on Thursday, March 28th. The company reported ($1.60) earnings per share for the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.66%. The company had revenue of $6.78 million for the quarter.
Chicago Rivet & Machine Announces Dividend
Hedge Funds Weigh In On Chicago Rivet & Machine
An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR – Free Report) during the third quarter, according to the company in its most recent 13F filing 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 about 1.18% of Chicago Rivet & Machine as of its most recent filing with the Securities & Exchange Commission. 19.87% of the stock is currently 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.
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