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

Posted by Paula Ricardo on Sep 30th, 2024

StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR – Free Report) in a research report released on Friday morning. The brokerage issued a sell rating on the stock.

Chicago Rivet & Machine Stock Down 5.2 %

CVR opened at $18.02 on Friday. Chicago Rivet & Machine has a twelve month low of $13.81 and a twelve month high of $21.19.

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

Chicago Rivet & Machine Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Thursday, September 5th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. Chicago Rivet & Machine’s dividend payout ratio is currently -8.55%.

Chicago Rivet & Machine Company Profile

(Get Free Report)

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.