CVD Equipment (NASDAQ:CVV) Releases Quarterly Earnings Results
CVD Equipment (NASDAQ:CVV) issued its quarterly earnings data on Tuesday. The industrial products company reported ($0.21) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $4.92 million for the quarter. CVD Equipment had a negative return on equity of 21.28% and a negative net margin of 42.56%.
Shares of NASDAQ CVV traded up $0.10 during trading hours on Thursday, hitting $3.55. 5 shares of the company traded hands, compared to its average volume of 5,340. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.51 and a current ratio of 3.92. The firm’s 50 day moving average is $3.68. CVD Equipment has a 12 month low of $3.35 and a 12 month high of $6.71.
A hedge fund recently bought a new stake in CVD Equipment stock. Municipal Employees Retirement System of Michigan bought a new stake in shares of CVD Equipment Co. (NASDAQ:CVV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 52,567 shares of the industrial products company’s stock, valued at approximately $187,000. Municipal Employees Retirement System of Michigan owned about 0.81% of CVD Equipment as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 14.95% of the company’s stock.
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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