CVD Equipment (NASDAQ:CVV) Issues Quarterly Earnings Results

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

CVD Equipment Price Performance

Shares of CVV stock traded down $0.04 during trading hours on Wednesday, hitting $3.15. The company had a trading volume of 40,459 shares, compared to its average volume of 23,934. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.60 and a current ratio of 2.99. The firm has a market capitalization of $21.68 million, a price-to-earnings ratio of -5.00 and a beta of 1.33. CVD Equipment has a 12 month low of $2.70 and a 12 month high of $6.35. The firm’s fifty day moving average is $3.43 and its 200 day moving average is $3.41.

Analysts Set New Price Targets

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

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.