CVD Equipment (CVV) Hits New 1-Year Low at $5.06

CVD Equipment Co. (NASDAQ:CVV) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.06 and last traded at $5.24, with a volume of 11313 shares traded. The stock had previously closed at $5.15.

Separately, ValuEngine upgraded shares of CVD Equipment from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th.

The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.33 and a current ratio of 4.81. The firm has a market capitalization of $34.49 million, a PE ratio of 15.79 and a beta of 0.91.

CVD Equipment (NASDAQ:CVV) last posted its quarterly earnings data on Tuesday, August 14th. The industrial products company reported ($0.21) earnings per share (EPS) for the quarter. CVD Equipment had a return on equity of 5.48% and a net margin of 6.09%. The company had revenue of $6.44 million for the quarter.

In related news, CEO Leonard A. Rosenbaum acquired 5,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were bought at an average price of $6.25 per share, for a total transaction of $31,250.00. Following the acquisition, the chief executive officer now owns 819,868 shares in the company, valued at approximately $5,124,175. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 20.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wynnefield Capital Inc. increased its stake in CVD Equipment by 7.4% in the second quarter. Wynnefield Capital Inc. now owns 144,794 shares of the industrial products company’s stock valued at $964,000 after acquiring an additional 10,000 shares during the period. Commonwealth Equity Services LLC increased its stake in CVD Equipment by 154.2% in the second quarter. Commonwealth Equity Services LLC now owns 32,478 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 19,700 shares during the period. Finally, BB&T Securities LLC bought a new stake in CVD Equipment in the second quarter valued at about $132,000. 21.32% of the stock is currently owned by institutional investors and hedge funds.

About CVD Equipment (NASDAQ:CVV)

CVD Equipment Corporation develops, manufactures, and sells equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications in the United States and internationally. It operates through two segments, CVD/First Nano and SDC. The company offers chemical vapor deposition systems for use in the research, development, and manufacture of aerospace and medical components, semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial applications; and rapid thermal processing systems for use in implant activation, oxidation, silicide formation, and other processes.

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