CVD Equipment (NASDAQ:CVV) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of CVD Equipment (NASDAQ:CVV) in a report issued on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

CVD Equipment Price Performance

NASDAQ:CVV opened at $3.08 on Tuesday. The stock has a 50 day moving average price of $3.75 and a 200 day moving average price of $3.48. CVD Equipment has a one year low of $2.70 and a one year high of $6.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99. The stock has a market cap of $21.20 million, a PE ratio of -4.89 and a beta of 1.35.

Hedge Funds Weigh In On CVD Equipment

Several hedge funds have recently added to or reduced their stakes in the stock. AMH Equity Ltd boosted its stake in CVD Equipment by 2.8% during the 4th quarter. AMH Equity Ltd now owns 665,000 shares of the industrial products company’s stock worth $2,926,000 after purchasing an additional 18,157 shares during the period. Renaissance Technologies LLC boosted its holdings in CVD Equipment by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 139,382 shares of the industrial products company’s stock worth $613,000 after buying an additional 15,700 shares in the last quarter. Quinn Opportunity Partners LLC boosted its position in CVD Equipment by 24.1% during the fourth quarter. Quinn Opportunity Partners LLC now owns 71,748 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 13,914 shares in the last quarter. Finally, Northern Trust Corp raised its position in CVD Equipment by 63.7% during the fourth quarter. Northern Trust Corp now owns 32,514 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 12,657 shares during the last quarter. 31.59% of the stock is currently owned by hedge funds and other institutional investors.

CVD Equipment Company Profile

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment offers chemical vapor deposition, physical vapor transport, and thermal process equipment under the FirstNano brand for various markets, such as high power electronics, aerospace advanced materials for gas turbine jet engines, and nanomaterials used in batteries, as well as semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial and research applications.