The stock of Chicago Rivet & Machine Co. (NYSEMKT:CVR) hit a new 52-week high and has $49.83 target or 47.00% above today’s $33.90 share price. The 8 months bullish chart indicates low risk for the $31.64M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $49.83 price target is reached, the company will be worth $14.87M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 10,630 shares traded hands or 68.52% up from the average. Chicago Rivet & Machine Co. (NYSEMKT:CVR) has risen 29.50% since April 15, 2016 and is uptrending. It has outperformed by 24.88% the S&P500.
According to Zacks Investment Research, “CHICAGO RIVET & MACHINE operates in the fastener industry in the United States, producing and selling rivets, automatic rivet setting machines, parts and tools for such machines, and the leasing of automatic rivet setting machines. The principal market for the fastener industry operations is the automotive and appliance industries within the United States.”
More important recent Chicago Rivet & Machine Co. (NYSEMKT:CVR) news were published by: Reuters.com which released: “BRIEF-Chicago Rivet & Machine Co. announces Q3 results of operations” on November 04, 2016, also Seekingalpha.com published article titled: “Chicago Rivet & Machine: Graham And Buffett Would Have Loved This Boring Value …”, Seekingalpha.com published: “Chicago Rivet: Cash Flow Makes The World Go Round” on April 13, 2016. More interesting news about Chicago Rivet & Machine Co. (NYSEMKT:CVR) was released by: Chicagobusiness.com and their article: “The Chicago stocks you’ve never heard of” with publication date: February 13, 2016.
CVR Company Profile
Chicago Rivet & Machine Co., incorporated on December 30, 1927, is engaged in the business of producing and selling rivets, cold-formed fasteners and parts, screw machine products, automatic rivet setting machines and parts and tools for such machines. The Firm operates in two divisions of the fastener industry: fasteners and assembly equipment.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.