StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU – Free Report) in a research report released on Thursday morning. The brokerage issued a strong-buy rating on the stock.
CPI Aerostructures Price Performance
Shares of CPI Aerostructures stock opened at $4.53 on Thursday. The company’s 50-day simple moving average is $4.37. CPI Aerostructures has a one year low of $2.16 and a one year high of $5.85. The company has a market cap of $58.89 million, a price-to-earnings ratio of 3.31 and a beta of 1.74. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62.
Institutional Trading of CPI Aerostructures
Several hedge funds have recently modified their holdings of CVU. Wealth Enhancement Advisory Services LLC bought a new position in CPI Aerostructures during the third quarter worth $62,000. James Investment Research Inc. raised its holdings in shares of CPI Aerostructures by 23.2% during the third quarter. James Investment Research Inc. now owns 26,579 shares of the company’s stock valued at $91,000 after purchasing an additional 5,000 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of CPI Aerostructures during the 4th quarter worth about $100,000. 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.
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