CPI Aerostructures (NYSE:CVU) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

CPI Aerostructures Trading Up 3.7 %

Shares of CVU stock opened at $4.99 on Tuesday. The company’s 50 day simple moving average is $3.96. The stock has a market cap of $64.87 million, a PE ratio of 3.64 and a beta of 1.72. CPI Aerostructures has a 12 month low of $2.16 and a 12 month high of $5.24. 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. boosted its position in CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,579 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 25.98% of the stock is currently owned by institutional investors and hedge funds.

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.