CVD Equipment Corp. (CVV) Releases Earnings Results
CVD Equipment Corp. (NASDAQ:CVV) posted its quarterly earnings results on Monday. The company reported ($0.01) EPS for the quarter. The company earned $4.80 million during the quarter, compared to the consensus estimate of $9 million. CVD Equipment Corp. had a return on equity of 4.63% and a net margin of 1.33%.
Shares of CVD Equipment Corp. (NASDAQ:CVV) opened at 8.07 on Tuesday. The company has a market cap of $51.02 million, a PE ratio of 136.78 and a beta of 1.30. CVD Equipment Corp. has a 12-month low of $6.25 and a 12-month high of $12.39. The company has a 50 day moving average of $8.40 and a 200-day moving average of $8.17.
Separately, TheStreet cut shares of CVD Equipment Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, November 8th.
About CVD Equipment Corp.
CVD Equipment Corporation designs and manufactures equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. The Company operates through two divisions: CVD/First Nano and Stainless Design Concepts (SDC). The Company’s CVD/First Nano division supplies chemical vapor deposition systems for use in the research, development and manufacturing of aerospace and medical components, semiconductors, light emitting diodes (LEDs), carbon nanotubes, nanowires, solar cells and a number of other industrial applications.
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