ValuEngine upgraded shares of CVD Equipment (NASDAQ:CVV) from a sell rating to a hold rating in a report issued on Wednesday.

CVD Equipment stock opened at $6.06 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.81 and a quick ratio of 4.33. CVD Equipment has a 12-month low of $5.25 and a 12-month high of $13.50. The stock has a market capitalization of $39.60 million, a P/E ratio of 17.94 and a beta of 0.84.

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

In other news, CEO Leonard A. Rosenbaum acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was purchased at an average cost of $6.25 per share, for a total transaction of $31,250.00. Following the completion of the transaction, the chief executive officer now directly owns 819,868 shares in the company, valued at $5,124,175. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 6,041 shares of company stock valued at $40,151. Corporate insiders own 19.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Wynnefield Capital Inc. increased its position 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 worth $964,000 after purchasing an additional 10,000 shares during the period. BB&T Securities LLC acquired a new stake in CVD Equipment in the second quarter worth about $132,000. Finally, Commonwealth Equity Services LLC increased its position 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 worth $216,000 after purchasing an additional 19,700 shares during the period. Hedge funds and other institutional investors own 21.32% of the company’s stock.

CVD Equipment Company Profile

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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