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

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report sent to investors on Sunday. The firm issued a buy rating on the stock.

CPI Aerostructures Price Performance

NYSE:CVU opened at $4.31 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $56.03 million, a price-to-earnings ratio of 3.15 and a beta of 1.72. The firm has a 50 day moving average price of $3.66. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $4.56.

Institutional Investors Weigh In On CPI Aerostructures

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. increased its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,579 shares of the company’s stock after buying an additional 5,000 shares during the quarter. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.