CPI Aerostructures (NYSE:CVU) Now Covered by Analysts at StockNews.com

by · The Markets Daily

Investment analysts at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU – Get Free Report) in a research note issued on Friday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Price Performance

Shares of CPI Aerostructures stock opened at $3.87 on Friday. The company has a 50 day moving average of $3.50. The firm has a market capitalization of $50.31 million, a price-to-earnings ratio of 2.82 and a beta of 1.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. CPI Aerostructures has a fifty-two week low of $2.16 and a fifty-two week high of $4.07.

Institutional Trading of CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. boosted its holdings in CPI Aerostructures, Inc. (NYSE:CVU – Free Report) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,579 shares of the company’s stock after buying an additional 5,000 shares during the quarter. James Investment Research Inc. owned approximately 0.21% of CPI Aerostructures worth $91,000 at the end of the most recent reporting period. 25.98% of the stock is currently owned by institutional investors.

CPI Aerostructures Company Profile

(Get Free Report)

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.

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