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

Equities researchers at StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note issued to investors on Monday. The firm set a “buy” rating on the stock.

CPI Aerostructures Price Performance

Shares of NYSE:CVU opened at $4.94 on Monday. CPI Aerostructures has a 1 year low of $2.16 and a 1 year high of $5.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. The company has a 50-day simple moving average of $3.84. The firm has a market cap of $64.22 million, a P/E ratio of 3.61 and a beta of 1.72.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. boosted its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,579 shares of the company’s stock after buying an additional 5,000 shares during the period. James Investment Research Inc. owned approximately 0.21% of CPI Aerostructures worth $91,000 as of its most recent SEC filing. Institutional investors own 25.98% of the company’s stock.

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.