S&P 500 rides Apple-led tech rally higher
In a year marked by significant volatility, Chicago Rivet and Machine Co (CVR) stock has recorded a new 52-week low, dipping to $9.75, a stark contrast to its 52-week high of $22.27. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 5.67, despite challenging market conditions. This latest price level reflects a stark contrast to the company's performance over the past year, with CVR experiencing a substantial decline of -32.19%. The company faces significant headwinds with revenue declining by 14.35% and maintaining a modest gross profit margin of 3.93%. Despite these challenges, CVR has maintained dividend payments for 55 consecutive years, demonstrating long-term stability. InvestingPro subscribers can access additional insights and 5 more exclusive ProTips to better understand CVR's market position.
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