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

Stock analysts at StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note issued on Saturday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Trading Down 1.6 %

Shares of NYSEAMERICAN:CVR opened at $14.81 on Friday. The company has a market cap of $14.37 million, a PE ratio of -3.16 and a beta of 0.14. Chicago Rivet & Machine has a 1-year low of $14.73 and a 1-year high of $26.75.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.72) earnings per share for the quarter. Chicago Rivet & Machine had a negative return on equity of 16.82% and a negative net margin of 14.75%. The firm had revenue of $7.85 million for the quarter.

Institutional Investors Weigh In On Chicago Rivet & Machine

A hedge fund recently bought a new stake in Chicago Rivet & Machine stock. Cannell Capital LLC acquired a new stake in Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned about 1.18% of Chicago Rivet & Machine as of its most recent filing with the Securities and Exchange Commission (SEC). 19.87% of the stock is currently owned by hedge funds and other institutional investors.

Chicago Rivet & Machine Company Profile

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.