CPI Aerostructures (NYSE:CVU) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU) in a report issued on Sunday. The firm set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

Shares of CPI Aerostructures stock opened at $3.36 on Friday. CPI Aerostructures has a 52 week low of $2.15 and a 52 week high of $3.55. The company has a current ratio of 1.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $43.80 million, a PE ratio of 2.53 and a beta of 1.70.

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

Hedge Funds Weigh In On CPI Aerostructures

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. lifted its position in CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,579 shares of the company’s stock after acquiring an additional 5,000 shares during the period. James Investment Research Inc. owned 0.21% of CPI Aerostructures worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 25.98% of the company’s stock.

CPI Aerostructures Company Profile

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.