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

StockNews.com began coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research note published on Tuesday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Price Performance

Shares of CVR stock opened at $15.29 on Tuesday. Chicago Rivet & Machine has a 12-month low of $13.81 and a 12-month high of $26.19. The company has a market capitalization of $14.73 million, a P/E ratio of -3.23 and a beta of 0.14.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.72) earnings per share (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 business had revenue of $7.85 million during the quarter.

Chicago Rivet & Machine Announces Dividend

The company also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, June 5th. Chicago Rivet & Machine’s 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.