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

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

CPI Aerostructures Stock Performance

Shares of NYSE:CVU opened at $3.64 on Monday. CPI Aerostructures has a 52 week low of $2.15 and a 52 week high of $3.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. The company has a market capitalization of $47.32 million, a P/E ratio of 2.62 and a beta of 1.70.

Institutional Investors Weigh In On CPI Aerostructures

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPI Aerostructures, Inc. (NYSE:CVU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 at the end of the most recent quarter. 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.