Weekly Analysts’ Ratings Updates for Chicago Rivet & Machine (CVR)

Chicago Rivet & Machine (NYSEAMERICAN: CVR) has recently received a number of price target changes and ratings updates:

• 5/6/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 4/30/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 4/24/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 4/18/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 4/12/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 4/6/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 3/31/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 3/25/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 3/19/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 3/13/2024 – Chicago Rivet & Machine is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN:CVR traded down $0.58 during trading on Tuesday, reaching $16.68. 325 shares of the company traded hands, compared to its average volume of 2,666. Chicago Rivet & Machine Co. has a 52 week low of $14.73 and a 52 week high of $28.00. The company has a market cap of $16.18 million, a price-to-earnings ratio of -3.66 and a beta of 0.13.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its earnings results on Thursday, March 28th. The company reported ($1.60) earnings per share for the quarter. The business had revenue of $6.78 million during the quarter. Chicago Rivet & Machine had a negative net margin of 13.97% and a negative return on equity of 15.66%.

Chicago Rivet & Machine Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 2.40%. Chicago Rivet & Machine’s dividend payout ratio is currently -8.77%.

Hedge Funds 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 position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the third quarter, according to its most recent 13F filing 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 19.87% of the company’s stock.

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.