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

Equities researchers at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a report released on Friday. The firm set a “buy” rating on the aerospace company’s stock.

CPI Aerostructures Trading Up 1.9 %

Shares of CPI Aerostructures stock opened at $2.92 on Friday. The stock has a market cap of $38.01 million, a PE ratio of 2.23 and a beta of 1.69. CPI Aerostructures has a 52-week low of $2.15 and a 52-week high of $3.43. The company has a current ratio of 1.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.67.

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

About CPI Aerostructures

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.