The stock had recent price appreciation in 15 of the last 20 sessions with a price increase of 30.40% last month. This is a 100% Barchart technical buy and trades at 8.75 with a 50 day moving average of 8.30.
Analysts for Wall Street brokerages have 1 buy and 3 hold reports published and estimate that sales will increase 11.60% this year and 8.30% next year. The recent price action may be attributed to estimates that the EPS will increase by 121.90% this year, 133.30% next year and continue at a 5.00% rate for the next 5 years.
Investors haven't discovered this stock yet but on Motley Fool those that have vote for the stock to out perform the market by a vote of 13 to 5 with the All Stars voting 3 to 2.
I'm adding this stock to the Barchart Van Meerten Speculative portfolio because:
- Recent price appreciation of 30.40% with 15 new highs in the last 20 trading sessions
- Wall Street analysts predicting increases in sales and earnings
- Undiscovered but positive investor sentiment
Disclosure: No positiion in CVTI at the time of publication