Revenue Update on Chicago Rivet & Machine Co.(NYSEMKT:CVR)

Chicago Rivet & Machine Co.(NYSEMKT:CVR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 20, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.47.

Chicago Rivet & Machine Co. (CVR) made into the market gainers list on Wednesdays trading session with the shares advancing 3.02% or 1.24 points. Due to strong positive momentum, the stock ended at $42.25, which is also near the day’s high of $42.25. The stock began the session at $40.27 and the volume stood at 3,749 shares. The 52-week high of the shares is $49.34 and the 52 week low is $23.66. The company has a current market capitalization of $41 M and it has 9,66,132 shares in outstanding.

Chicago Rivet & Machine Co. manufactures rivet setting machines and automated assembly systems for high volume production as well as replacement tooling and parts. The Company operates in two segments of the fastener industry: fasteners and assembly equipment. The fastener segment consists of the manufacture and sale of rivets cold-formed fasteners and parts and screw machine products. The assembly equipment segment consists primarily of the manufacture of automatic rivet setting machines automatic assembly equipment and parts and tools for such machines. The principal market for the Company’s products is the North American automotive industry.

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