CPI Aerostructures (NYSE:CVU) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

NYSE:CVU opened at $3.30 on Friday. CPI Aerostructures has a 52-week low of $2.15 and a 52-week high of $3.55. The company has a market cap of $42.43 million, a P/E ratio of 2.52 and a beta of 1.70. 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 (NYSE:CVU) last announced its earnings results on Tuesday, August 13th. The company reported $0.11 earnings per share for the quarter. CPI Aerostructures had a return on equity of 14.87% and a net margin of 19.86%. The company had revenue of $20.81 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC bought a new stake in CPI Aerostructures, Inc. (NYSE:CVU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned about 0.14% of CPI Aerostructures at the end of the most recent quarter. Institutional investors own 25.98% of the company’s stock.

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.