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

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

CPI Aerostructures Trading Up 3.7 %

Shares of CVU opened at $4.99 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $3.96. The company has a market cap of $64.87 million, a P/E ratio of 3.64 and a beta of 1.72. CPI Aerostructures has a 12-month low of $2.16 and a 12-month high of $5.24.

Hedge Funds Weigh In On 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:CVU) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 & Exchange Commission. 25.98% of the stock is currently owned by institutional investors and hedge funds.

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.