Chicago Rivet & Machine (NYSEAMERICAN:CVR) Receives New Coverage from Analysts at StockNews.com

Posted by Samantha Reynolds on Oct 19th, 2024

StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research report sent to investors on Tuesday morning. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Down 3.7 %

NYSEAMERICAN:CVR opened at $18.61 on Tuesday. Chicago Rivet & Machine has a 52 week low of $13.81 and a 52 week high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $8.06 million for the quarter. Chicago Rivet & Machine had a negative return on equity of 11.78% and a negative net margin of 10.00%.

Chicago Rivet & Machine Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, September 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s dividend payout ratio is currently -12.62%.

Chicago Rivet & Machine Company Profile

(Get Free Report)

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.