CVD Equipment (NASDAQ:CVV) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of CVD Equipment Corporation (NASDAQ:CVV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.43 and traded as high as $7.54. CVD Equipment shares last traded at $7.05, with a volume of 46,469 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CVV. Weiss Ratings reissued a “sell (d-)” rating on shares of CVD Equipment in a research report on Friday, June 5th. Wall Street Zen downgraded CVD Equipment from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CVD Equipment currently has an average rating of “Sell”.

CVD Equipment Stock Performance

The firm’s 50-day simple moving average is $6.83 and its 200 day simple moving average is $5.43. The stock has a market capitalization of $48.93 million, a P/E ratio of -13.82 and a beta of 1.23.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CVV. Dimensional Fund Advisors LP boosted its holdings in shares of CVD Equipment by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock valued at $241,000 after buying an additional 3,556 shares during the last quarter. Citadel Advisors LLC increased its holdings in CVD Equipment by 93.6% during the third quarter. Citadel Advisors LLC now owns 41,382 shares of the industrial products company’s stock worth $139,000 after buying an additional 20,011 shares during the last quarter. DRW Securities LLC acquired a new position in CVD Equipment during the fourth quarter worth $45,000. Renaissance Technologies LLC raised its position in CVD Equipment by 17.5% during the first quarter. Renaissance Technologies LLC now owns 180,882 shares of the industrial products company’s stock worth $749,000 after acquiring an additional 27,000 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in CVD Equipment during the second quarter worth $305,000. Institutional investors and hedge funds own 31.59% of the company’s stock.

About CVD Equipment

CVD Equipment Corporation (NASDAQ: CVV) designs, manufactures and markets custom vacuum deposition systems used to create thin-film coatings and advanced materials for semiconductor, optoelectronic and related industries. Established in 1992 and headquartered in the United States, the company leverages proprietary chemical vapor deposition (CVD), plasma-enhanced CVD, metal-organic CVD (MOCVD), atomic layer deposition (ALD) and physical vapor deposition (PVD) technologies to support both research and production applications.

The company’s product portfolio includes single- and multi-chamber reactors for the deposition of silicon, III-V compounds, metal oxides and other specialty materials, along with fluid-bed reactors for nanoparticle synthesis.