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

Posted by Scott Moore on Aug 8th, 2024

StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research report released on Sunday. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

CVR stock opened at $15.00 on Friday. Chicago Rivet & Machine has a 1-year low of $13.81 and a 1-year high of $25.95.

Chicago Rivet & Machine (NYSEAMERICAN:CVR – Get Free Report) last announced its earnings results on Friday, May 10th. The company reported ($0.72) earnings per share (EPS) for the quarter. Chicago Rivet & Machine had a negative return on equity of 16.82% and a negative net margin of 14.75%. The company had revenue of $7.85 million during the quarter.

Chicago Rivet & Machine Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.40 annualized dividend and a yield of 2.67%. Chicago Rivet & Machine’s payout ratio is -8.55%.

About Chicago Rivet & Machine

(Get Free Report)

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.