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

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

CPI Aerostructures Stock Performance

CVU stock opened at $4.31 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average is $3.66. CPI Aerostructures has a 52 week low of $2.16 and a 52 week high of $4.56. The stock has a market capitalization of $56.03 million, a P/E ratio of 3.15 and a beta of 1.72.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new position in CPI Aerostructures, Inc. (NYSE:CVU) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned about 0.14% of CPI Aerostructures as of its most recent SEC filing. Institutional investors own 25.98% of the company’s stock.

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.