CVD Equipment (NASDAQ:CVV) Stock Passes Above 200-Day Moving Average – Time to Sell?

CVD Equipment Corporation (NASDAQ:CVV)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.10 and traded as high as $6.67. CVD Equipment shares last traded at $6.42, with a volume of 47,037 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen raised CVD Equipment from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “sell (d-)” rating on shares of CVD Equipment in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, CVD Equipment currently has an average rating of “Sell”.

CVD Equipment Price Performance

The business has a 50 day moving average of $7.30 and a 200 day moving average of $6.12. The company has a market cap of $32.53 million, a PE ratio of 3.23 and a beta of 1.22.

CVD Equipment (NASDAQ:CVV) last released its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $1.81 earnings per share for the quarter. CVD Equipment had a negative return on equity of 13.91% and a net margin of 62.01%.The company had revenue of $1.95 million for the quarter.

Hedge Funds Weigh In On CVD Equipment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. DRW Securities LLC purchased a new position in shares of CVD Equipment during the fourth quarter valued at approximately $45,000. BlackRock Inc. purchased a new position in CVD Equipment during the second quarter valued at $130,000. Citadel Advisors LLC raised its stake 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 valued at $139,000 after buying an additional 20,011 shares during the last quarter. Algert Global LLC bought a new stake in CVD Equipment in the second quarter worth $224,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of CVD Equipment by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 71,689 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 3,556 shares during the last quarter. Institutional investors 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.