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

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

CPI Aerostructures Stock Performance

Shares of NYSE CVU opened at $3.25 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 1.58. CPI Aerostructures has a one year low of $2.15 and a one year high of $3.55. The firm has a market cap of $41.79 million, a price-to-earnings ratio of 2.48 and a beta of 1.70.

CPI Aerostructures (NYSE:CVU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.11 EPS for the quarter. CPI Aerostructures had a net margin of 19.86% and a return on equity of 14.87%. The firm had revenue of $20.81 million during the quarter.

About CPI Aerostructures

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.