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

Research analysts at StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU) in a note issued to investors on Saturday. The firm set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

Shares of NYSE CVU opened at $3.93 on Friday. The firm’s 50 day simple moving average is $3.56. CPI Aerostructures has a fifty-two week low of $2.16 and a fifty-two week high of $4.15. The company has a market capitalization of $51.09 million, a P/E ratio of 2.87 and a beta of 1.74. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. lifted its stake in CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,579 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. 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 and hedge funds 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.