Chicago Rivet & Machine (NYSEAMERICAN:CVR) Share Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.21 and traded as high as $11.50. Chicago Rivet & Machine shares last traded at $11.30, with a volume of 1,940 shares changing hands.

Chicago Rivet & Machine Stock Up 3.7%

The firm’s 50 day moving average price is $10.43 and its two-hundred day moving average price is $11.21. The firm has a market capitalization of $10.96 million, a PE ratio of -4.17 and a beta of 0.30.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co (NYSE American: CVR) manufactures and sells rivets, cold-formed metal components, and automated assembly equipment. Its products are used to join, fasten, and assemble components in a range of manufactured goods.

The company serves customers in industries including automotive, electrical and electronics, appliances, hardware, and other industrial markets. Its product offerings include standard and specialty rivets, cold-headed and cold-formed parts, and machinery designed to install rivets and perform related assembly operations.

Founded in 1911, Chicago Rivet & Machine has historically operated as a domestic industrial manufacturer, serving customers primarily through its manufacturing and sales operations in the United States.