Chicago Rivet & Machine (NYSEAMERICAN:CVR) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the stock.

Chicago Rivet & Machine Price Performance

CVR stock opened at $16.02 on Tuesday. Chicago Rivet & Machine has a one year low of $14.73 and a one year high of $30.00. The company has a market capitalization of $15.54 million, a price-to-earnings ratio of -3.51 and a beta of 0.11.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($1.60) EPS for the quarter. The business had revenue of $6.78 million during the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.66%.

Institutional Investors Weigh In On Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC purchased a new position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned 1.18% of Chicago Rivet & Machine at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.87% of the company’s stock.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.