Chicago Rivet & Machine (NYSEAMERICAN:CVR) Shares Up 5.1% – Should You Buy?

Shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) were up 5.1% during trading on Wednesday . The stock traded as high as $14.74 and last traded at $14.66. Approximately 2,461 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 8,064 shares. The stock had previously closed at $13.95.

Chicago Rivet & Machine Stock Up 5.1%

The firm’s 50-day moving average price is $11.69 and its 200 day moving average price is $11.14. The company has a current ratio of 5.97, a quick ratio of 3.17 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $14.22 million, a price-to-earnings ratio of -3.26 and a beta of 0.07.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative net margin of 16.69% and a negative return on equity of 21.59%. The business had revenue of $7.36 million for the quarter.

Chicago Rivet & Machine Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.03 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. Chicago Rivet & Machine’s dividend payout ratio (DPR) is presently -3.27%.

About Chicago Rivet & Machine

Chicago Rivet & Machine Co is a Chicago, Illinois–based manufacturer specializing in the design and production of rivets, fasteners and related metal components. The company’s product portfolio includes solid and blind rivets, threaded inserts, screws, bolts, nuts and washers, engineered to meet the requirements of high-precision industrial applications.

Serving a diverse customer base, Chicago Rivet & Machine brings expertise in material selection and heat-treatment processes to deliver fasteners that meet stringent specifications for strength, corrosion resistance and durability.