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

Equities research analysts at StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU) in a report issued on Thursday. The brokerage set a “strong-buy” rating on the stock.

CPI Aerostructures Stock Performance

CPI Aerostructures stock opened at $4.71 on Thursday. The firm has a market capitalization of $61.23 million, a price-to-earnings ratio of 3.44 and a beta of 1.74. CPI Aerostructures has a 1 year low of $2.16 and a 1 year high of $5.85. The business has a 50 day simple moving average of $4.37. 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 modified their holdings of CVU. Wealth Enhancement Advisory Services LLC purchased a new position in CPI Aerostructures in the 3rd quarter worth about $62,000. James Investment Research Inc. boosted its holdings 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 buying an additional 5,000 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of CPI Aerostructures in the fourth quarter worth approximately $100,000. 25.98% of the stock is owned by hedge funds and other institutional investors.

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.