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

Equities research analysts at StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU) in a report released on Tuesday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Stock Up 0.3 %

Shares of NYSE CVU opened at $3.85 on Tuesday. The business has a 50-day moving average of $3.37. 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 $50.05 million, a P/E ratio of 2.80 and a beta of 1.70. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62.

Hedge Funds Weigh In On CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. grew its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,579 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 at the end of the most recent quarter. 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.