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

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

CPI Aerostructures Stock Performance

CVU stock opened at $3.81 on Tuesday. The firm’s fifty day simple moving average is $3.40. 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 52 week low of $2.16 and a 52 week high of $4.06. The company has a market cap of $49.53 million, a price-to-earnings ratio of 2.78 and a beta of 1.70.

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 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. Hedge funds and other 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.