CPI Aerostructures (NYSE:CVU) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of CPI Aerostructures (NYSE:CVU) 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.