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

StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVUFree Report) in a research report report published on Saturday morning. The firm issued a buy rating on the stock.

CPI Aerostructures Stock Performance

CVU stock opened at $3.37 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.58 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $43.94 million, a P/E ratio of 2.53 and a beta of 1.70. CPI Aerostructures has a 1-year low of $2.15 and a 1-year high of $3.55.

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

Institutional Trading of CPI Aerostructures

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC bought a new position in CPI Aerostructures, Inc. (NYSE:CVUFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 25.98% of the company’s stock.

CPI Aerostructures Company Profile

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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.

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