CPI Aerostructures (NYSE:CVU) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report released on Sunday. The brokerage issued a buy rating on the stock.

CPI Aerostructures Stock Performance

CPI Aerostructures stock opened at $4.31 on Friday. CPI Aerostructures has a fifty-two week low of $2.16 and a fifty-two week high of $4.56. The firm has a market capitalization of $56.03 million, a price-to-earnings ratio of 3.15 and a beta of 1.72. The firm has a fifty day moving average price of $3.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of CPI Aerostructures, Inc. (NYSE:CVU) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned about 0.14% of CPI Aerostructures as of its most recent filing with the SEC. 25.98% of the stock is currently owned by 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.