CPI Aerostructures (NYSE:CVU) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report released on Wednesday morning. The firm issued a buy rating on the stock.

CPI Aerostructures Stock Performance

NYSE:CVU opened at $4.80 on Wednesday. The firm has a fifty day simple moving average of $4.31. The stock has a market capitalization of $62.40 million, a price-to-earnings ratio of 3.50 and a beta of 1.72. CPI Aerostructures has a one year low of $2.16 and a one year high of $5.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60.

Institutional Investors Weigh In On CPI Aerostructures

Several hedge funds have recently bought and sold shares of CVU. James Investment Research Inc. raised its position in shares of CPI Aerostructures by 23.2% in the third quarter. James Investment Research Inc. now owns 26,579 shares of the company’s stock worth $91,000 after acquiring an additional 5,000 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in CPI Aerostructures during the third quarter worth approximately $62,000. Finally, Sanctuary Advisors LLC acquired a new stake in CPI Aerostructures in the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors 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.