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

Equities researchers at StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note issued to investors on Thursday. The firm set a “buy” rating on the stock.

CPI Aerostructures Trading Up 4.9 %

Shares of CVU opened at $3.89 on Thursday. The firm has a market cap of $50.57 million, a price-to-earnings ratio of 2.84 and a beta of 1.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. The firm has a fifty day moving average price of $3.46. CPI Aerostructures has a twelve month low of $2.16 and a twelve month high of $4.06.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of CPI Aerostructures, Inc. (NYSE:CVU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent SEC filing. 25.98% of the stock is currently owned by hedge funds and other institutional investors.

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.