Chicago Rivet & Machine (NYSEAMERICAN:CVR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report sent to investors on Tuesday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Trading Down 0.7 %

Shares of CVR opened at $15.15 on Tuesday. Chicago Rivet & Machine has a 52 week low of $13.81 and a 52 week high of $26.19. The company has a market capitalization of $14.73 million, a PE ratio of -3.23 and a beta of 0.14.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last released its earnings results on Friday, May 10th. The company reported ($0.72) 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.40 dividend on an annualized basis and a yield of 2.64%. Chicago Rivet & Machine’s dividend payout ratio is currently -8.55%.

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.