StockNews.com Initiates Coverage on CPI Aerostructures (NYSE:CVU)

Research analysts at StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a report issued on Thursday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

CVU opened at $3.10 on Thursday. The firm has a market capitalization of $39.79 million, a P/E ratio of 2.36 and a beta of 1.70. CPI Aerostructures has a 1 year low of $2.15 and a 1 year high of $3.55. The company has a quick ratio of 1.54, a current ratio of 1.58 and a debt-to-equity ratio of 0.67.

CPI Aerostructures (NYSE:CVU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $20.81 million during the quarter. CPI Aerostructures had a return on equity of 14.87% and a net margin of 19.86%.

About CPI Aerostructures

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company offers aerostructure and aerosystem assemblies, including new production and repair/overhaul of fielded wing structures and other control surfaces, rudder island, engine inlets/nacelles, engine exhaust manifolds, aircraft doors and windows, aircraft steps and racks, other aircraft secondary structures, airborne pod structures and integration of internal systems, radar housing structures, panel assemblies, and mechanical door locking and canopy lifting systems.