CPI Aerostructures (NYSE:CVU) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report released on Tuesday. The brokerage issued a buy rating on the stock.

CPI Aerostructures Stock Performance

CVU stock opened at $5.44 on Tuesday. The firm has a market capitalization of $70.72 million, a price-to-earnings ratio of 3.97 and a beta of 1.72. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. CPI Aerostructures has a 1 year low of $2.16 and a 1 year high of $5.49. The company has a 50-day moving average of $4.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new position in CPI Aerostructures, Inc. (NYSE:CVU) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned approximately 0.14% of CPI Aerostructures at the end of the most recent reporting period. 25.98% of the stock is currently owned by hedge funds and other institutional investors.

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.