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

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

CPI Aerostructures Stock Performance

NYSE CVU opened at $3.18 on Monday. The firm has a market capitalization of $41.28 million, a price-to-earnings ratio of 2.31 and a beta of 1.70. CPI Aerostructures has a 1 year low of $2.15 and a 1 year high of $3.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. lifted its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,579 shares of the company’s stock after acquiring an additional 5,000 shares during the period. James Investment Research Inc. owned 0.21% of CPI Aerostructures worth $91,000 at the end of the most recent reporting period. 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.