NEW YORK (

TheStreet

) -- Shares of

CVD Equipment Corporation

(Nasdaq:

CVV

) have taken a tremendous swing upward. The stock is trading at $15.30 as of 2:31 p.m. ET, 20.3% above Monday's closing price of $12.72. Volume is at 200,584, 2.6 times the daily average of 76,400.

CVD Equipment has a market cap of $69 million and is part of the

industrial goods

sector and

industrial

industry. Shares are up 84.3% year to date as of the close of trading on Monday.

CVD Equipment Corporation designs, develops, and manufactures equipment and process solutions used to develop and manufacture advanced solar, nano electronic components, materials, and coatings for research and industrial applications in the United States and internationally. The company has a P/E ratio of 30.3, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CVD Equipment as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full

CVD Equipment Ratings Report

.

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