CVD Equipment (NASDAQ:CVV) Releases Earnings Results

CVD Equipment (NASDAQ:CVV) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.02 EPS for the quarter, Zacks reports. CVD Equipment had a negative net margin of 18.26% and a negative return on equity of 17.10%.

CVD Equipment Stock Performance

NASDAQ CVV traded down $0.04 during trading hours on Wednesday, reaching $3.15. The company’s stock had a trading volume of 40,459 shares, compared to its average volume of 23,934. The company has a current ratio of 2.99, a quick ratio of 2.60 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $3.43 and a 200 day simple moving average of $3.41. CVD Equipment has a 52 week low of $2.70 and a 52 week high of $6.35. The stock has a market cap of $21.68 million, a PE ratio of -5.00 and a beta of 1.33.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on CVD Equipment in a research report on Thursday, March 13th. They issued a “hold” rating for the company.

CVD Equipment Company Profile

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells equipment to develop and manufacture materials and coatings in the United States and internationally. It operates through three segments: CVD Equipment, Stainless Design Concepts, and CVD Materials. The CVD Equipment segment offers chemical vapor deposition, physical vapor transport, and thermal process equipment under the FirstNano brand for various markets, such as high power electronics, aerospace advanced materials for gas turbine jet engines, and nanomaterials used in batteries, as well as semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial and research applications.