StockNews.com downgraded shares of CPI Aerostructures (NYSE:CVU – Free Report) from a strong-buy rating to a buy rating in a research note published on Tuesday.
CPI Aerostructures Stock Down 2.3 %
Shares of NYSE CVU opened at $3.45 on Tuesday. 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 firm’s fifty day moving average price is $4.38. The company has a market cap of $44.85 million, a price-to-earnings ratio of 2.52 and a beta of 1.54. CPI Aerostructures has a twelve month low of $2.16 and a twelve month high of $5.85.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in CVU. Sanctuary Advisors LLC bought a new position in shares of CPI Aerostructures in the 4th quarter worth $100,000. Cerity Partners LLC bought a new position in shares of CPI Aerostructures in the 4th quarter worth $40,000. Finally, Renaissance Technologies LLC raised its position in shares of CPI Aerostructures by 27.4% in the 4th quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock worth $433,000 after acquiring an additional 23,000 shares in the last quarter. 25.98% of the stock is owned by institutional investors.
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.
See Also
- Five stocks we like better than CPI Aerostructures
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- Are Penny Stocks a Good Fit for Your Portfolio?
- 3 Must-Own Stocks to Build Wealth This Decade
- Insider Buying Explained: What Investors Need to Know
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for CPI Aerostructures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Aerostructures and related companies with MarketBeat.com's FREE daily email newsletter.