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

StockNews.com assumed coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report sent to investors on Sunday. The firm issued a sell rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of CVR stock opened at $18.50 on Friday. 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 issued its earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter. Chicago Rivet & Machine had a negative return on equity of 11.78% and a negative net margin of 10.00%. The company had revenue of $8.06 million during the quarter.

Chicago Rivet & Machine Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Thursday, September 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, September 5th. Chicago Rivet & Machine’s payout ratio is currently -12.62%.

About Chicago Rivet & Machine

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.