CVD Equipment (NASDAQ:CVV) Share Price Passes Above 200 Day Moving Average – Should You Sell?

CVD Equipment Co. (NASDAQ:CVV)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.55 and traded as high as $4.79. CVD Equipment shares last traded at $4.42, with a volume of 50,476 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on CVD Equipment in a research note on Wednesday. They issued a “hold” rating on the stock.

CVD Equipment Price Performance

The stock’s 50-day moving average is $3.53 and its 200 day moving average is $3.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.60. The company has a market cap of $28.29 million, a PE ratio of -6.52 and a beta of 1.33.

About CVD Equipment

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.