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

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

CPI Aerostructures Price Performance

Shares of NYSE:CVU opened at $5.12 on Wednesday. The firm’s 50-day simple moving average is $4.29. The stock has a market cap of $66.56 million, a P/E ratio of 3.74 and a beta of 1.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. CPI Aerostructures has a 1 year low of $2.16 and a 1 year high of $5.85.

Institutional Investors Weigh In On CPI Aerostructures

An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new position in CPI Aerostructures, Inc. (NYSE:CVU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period. Hedge funds and other institutional investors own 25.98% of the company’s stock.

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.