Chicago Rivet & Machine (NYSEAMERICAN:CVR) Earns Sell Rating from Analysts at StockNews.com

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

Chicago Rivet & Machine Price Performance

CVR stock opened at $18.10 on Thursday. Chicago Rivet & Machine has a 52 week low of $13.81 and a 52 week high of $21.19.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last announced its earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter. The firm had revenue of $8.06 million for the quarter. Chicago Rivet & Machine had a negative return on equity of 11.78% and a negative net margin of 10.00%.

Chicago Rivet & Machine Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Thursday, September 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.40 annualized dividend and a yield of 2.21%. 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.