CVD Equipment (NASDAQ:CVV) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

CVD Equipment Corporation (NASDAQ:CVV)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.43 and traded as high as $7.54. CVD Equipment shares last traded at $7.05, with a volume of 46,469 shares traded.

Analysts Set New Price Targets

CVV has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of CVD Equipment in a research report on Friday, June 5th. Wall Street Zen lowered shares of CVD Equipment from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

CVD Equipment Price Performance

The firm has a market capitalization of $48.93 million, a P/E ratio of -13.82 and a beta of 1.23. The business has a 50 day moving average price of $6.83 and a 200 day moving average price of $5.43.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CVV. FNY Investment Advisers LLC bought a new stake in shares of CVD Equipment in the second quarter valued at approximately $305,000. Renaissance Technologies LLC increased its position in CVD Equipment by 17.5% during the first quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after acquiring an additional 27,000 shares during the period. DRW Securities LLC bought a new position in CVD Equipment during the fourth quarter worth $45,000. Citadel Advisors LLC raised its stake in CVD Equipment by 93.6% during the 3rd quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 20,011 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 3,556 shares during the last quarter. 31.59% of the stock is currently owned by institutional investors and hedge funds.

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.