Workflow
CVV Stock Surges 5.30% Amidst Industry Volatility
CVVCVD(CVV) Gurufocus·2024-10-02 20:12

Company Overview - CVD Equipment Corp specializes in manufacturing chemical vapor deposition equipment, custom gas control systems, one-dimensional nanostructure synthesis, and other related equipment primarily for semiconductor production [4] - The company operates through divisions including CVD Equipment, CVD Materials, and Stainless Design Concepts, with the CVD Equipment division generating the most revenue [4] Financial Performance - CVD Equipment Corp reported a revenue of 6.35millionbutincurredanetlossof6.35 million but incurred a net loss of 761,000, resulting in an earnings per share of -0.11[2]Thecompanysgrossprofitwas0.11 [2] - The company's gross profit was 1.61 million, and it currently has a price-to-earnings ratio of -4.23 [2] Stock Performance - The stock price of CVD Equipment Corp increased by 5.30%, reaching $3.38, with a trading volume of 6,116 shares and a turnover rate of 0.09% [1] - The stock experienced a price fluctuation of 2.80% during trading [1] Industry Context - Within the commercial equipment services sector, there was an overall decline of 0.01% [3] - Notable performers in the sector included Ocean Power Technologies, Inc., Zjk Industrial Co., Ltd., and Nuburu, Inc., which experienced substantial gains [3] - Active stocks in the sector included Nano Nuclear Energy Inc., Laser Photonics Corporation, and Ocean Power Technologies, Inc., with turnover rates of 12.78%, 7.23%, and 3.93% respectively [3] - The most volatile stocks in the sector were Laser Photonics Corporation, Schmid Group N.V. C/Wts 30/04/2029 (To Pur Com), and Schmid Group N.V., with amplitude rates of 21.25%, 19.90%, and 18.48% respectively [3]