StockNews.com Begins Coverage on CPI Aerostructures (NYSE:CVU)

Stock analysts at StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU) in a report issued on Tuesday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Trading Up 1.3 %

Shares of CPI Aerostructures stock opened at $3.79 on Tuesday. 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 stock has a market capitalization of $49.27 million, a price-to-earnings ratio of 2.77 and a beta of 1.70. CPI Aerostructures has a twelve month low of $2.16 and a twelve month high of $4.06.

Institutional Trading of CPI Aerostructures

An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPI Aerostructures, Inc. (NYSE:CVU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned 0.14% of CPI Aerostructures as of its most recent SEC filing. Institutional investors and hedge funds own 25.98% of the company’s stock.

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.