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

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

CPI Aerostructures Stock Performance

NYSE:CVU opened at $3.89 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. CPI Aerostructures has a fifty-two week low of $2.16 and a fifty-two week high of $4.06. The firm has a market capitalization of $50.57 million, a PE ratio of 2.84 and a beta of 1.74. The business’s fifty day moving average is $3.46.

Institutional Investors Weigh In On CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. raised its position in CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,579 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 as of its most recent SEC filing. 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.