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

StockNews.com assumed coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a report released on Wednesday morning. The firm issued a buy rating on the aerospace company’s stock.

CPI Aerostructures Stock Up 4.2 %

Shares of NYSEAMERICAN:CVU opened at $2.47 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $31.76 million, a PE ratio of 1.89 and a beta of 1.70. CPI Aerostructures has a twelve month low of $2.15 and a twelve month high of $4.34.

CPI Aerostructures (NYSEAMERICAN:CVU) last announced its quarterly earnings data on Wednesday, May 15th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $19.08 million for the quarter. CPI Aerostructures had a net margin of 19.62% and a return on equity of 17.51%.

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.