CVD Equipment (NASDAQ:CVV) Shares Pass Above 200-Day Moving Average – Should You Sell?

CVD Equipment Corporation (NASDAQ:CVV)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.72 and traded as high as $8.19. CVD Equipment shares last traded at $7.82, with a volume of 89,068 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of CVD Equipment in a research note on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

CVD Equipment Stock Performance

The stock’s 50 day simple moving average is $7.22 and its 200 day simple moving average is $5.73. The firm has a market cap of $52.12 million, a PE ratio of -14.73 and a beta of 1.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVV. FNY Investment Advisers LLC bought a new position in shares of CVD Equipment during the 2nd quarter valued at about $305,000. Renaissance Technologies LLC lifted its position in CVD Equipment by 17.5% in the 1st quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after buying an additional 27,000 shares during the last quarter. Citadel Advisors LLC boosted its stake in CVD Equipment by 93.6% in the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after buying an additional 20,011 shares in the last quarter. BlackRock Inc. purchased a new stake in CVD Equipment in the second quarter worth approximately $130,000. Finally, DRW Securities LLC bought a new position in CVD Equipment during the fourth quarter valued at approximately $45,000. 31.59% of the stock is currently 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.