CPI Aerostructures (NYSE:CVU) Earns Buy Rating from Analysts at StockNews.com

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

CPI Aerostructures Stock Performance

NYSE:CVU opened at $5.43 on Wednesday. CPI Aerostructures has a 1 year low of $2.16 and a 1 year high of $5.85. The company has a market capitalization of $70.60 million, a PE ratio of 3.96 and a beta of 1.72. The stock has a fifty day simple moving average of $4.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60.

Institutional Trading of CPI Aerostructures

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new stake in CPI Aerostructures, Inc. (NYSE:CVU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned 0.14% of CPI Aerostructures as of its most recent SEC filing. 25.98% of the stock is owned by 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.