CPI Aerostructures (NYSE:CVU) Earns Buy Rating from Analysts at StockNews.com

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

CPI Aerostructures Stock Performance

NYSE CVU opened at $4.29 on Monday. The stock has a market capitalization of $55.77 million, a P/E ratio of 3.13 and a beta of 1.72. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $3.78. CPI Aerostructures has a fifty-two week low of $2.16 and a fifty-two week high of $4.78.

Hedge Funds Weigh In On CPI Aerostructures

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new stake in CPI Aerostructures, Inc. (NYSE:CVU) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned approximately 0.14% of CPI Aerostructures as of its most recent SEC filing. Hedge funds and other 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.