Chicago Rivet & Machine (NYSEAMERICAN:CVR) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.26 and traded as high as $10.90. Chicago Rivet & Machine shares last traded at $10.61, with a volume of 830 shares changing hands.

Chicago Rivet & Machine Stock Up 2.2%

The firm has a market cap of $10.29 million, a P/E ratio of -3.92 and a beta of 0.27. The company’s 50 day simple moving average is $10.26 and its 200-day simple moving average is $11.48.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.37) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative net margin of 9.25% and a negative return on equity of 13.77%. The business had revenue of $6.85 million for the quarter.

Chicago Rivet & Machine Company Profile

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.