CVD Equipment (CVV) Posts Earnings Results
CVD Equipment (NASDAQ:CVV) posted its quarterly earnings data on Monday. The industrial products company reported ($0.29) earnings per share for the quarter, Morningstar.com reports. The company had revenue of $4.72 million for the quarter. CVD Equipment had a negative return on equity of 4.22% and a negative net margin of 5.75%.
Shares of CVV stock opened at $3.87 on Tuesday. The company has a current ratio of 4.60, a quick ratio of 4.04 and a debt-to-equity ratio of 0.32. CVD Equipment has a 52 week low of $3.35 and a 52 week high of $9.95.
An institutional investor recently bought a new position in CVD Equipment stock. Municipal Employees Retirement System of Michigan acquired a new position in shares of CVD Equipment Co. (NASDAQ:CVV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 52,567 shares of the industrial products company’s stock, valued at approximately $187,000. Municipal Employees Retirement System of Michigan owned approximately 0.81% of CVD Equipment at the end of the most recent quarter. 17.50% of the stock is currently owned by hedge funds and other institutional investors.
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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