StockNews.com Initiates Coverage on Chicago Rivet & Machine (NYSEAMERICAN:CVR)

StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a report issued on Saturday. The firm set a “sell” rating on the stock.

Chicago Rivet & Machine Trading Down 1.6 %

NYSEAMERICAN CVR opened at $14.81 on Friday. Chicago Rivet & Machine has a one year low of $14.73 and a one year high of $26.75. The stock has a market cap of $14.37 million, a price-to-earnings ratio of -3.16 and a beta of 0.14.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.72) earnings per share (EPS) for the quarter. The firm had revenue of $7.85 million during the quarter. Chicago Rivet & Machine had a negative return on equity of 16.82% and a negative net margin of 14.75%.

Institutional Trading of Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned 1.18% of Chicago Rivet & Machine as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 19.87% of the company’s stock.

Chicago Rivet & Machine Company Profile

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.