CPI Aerostructures (NYSE:CVU) Now Covered by StockNews.com

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report report published on Friday morning. The firm issued a buy rating on the stock.

CPI Aerostructures Stock Down 2.9 %

Shares of NYSE:CVU opened at $3.32 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.58 and a debt-to-equity ratio of 0.67. CPI Aerostructures has a 12 month low of $2.15 and a 12 month high of $3.55. The stock has a market capitalization of $42.69 million, a P/E ratio of 2.53 and a beta of 1.70.

CPI Aerostructures (NYSE:CVU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.11 earnings per share (EPS) for the quarter. CPI Aerostructures had a return on equity of 14.87% and a net margin of 19.86%. The company had revenue of $20.81 million during the quarter.

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 shares of CPI Aerostructures, Inc. (NYSE:CVU) during the 3rd quarter, according to 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 approximately 0.14% of CPI Aerostructures at the end of the most recent reporting period. 25.98% of the stock is currently owned by hedge funds and other institutional investors.

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.