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

StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note issued to investors on Monday morning. The firm issued a buy rating on the stock.

CPI Aerostructures Price Performance

NYSE CVU opened at $4.99 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. The stock’s 50-day simple moving average is $3.81. CPI Aerostructures has a one year low of $2.16 and a one year high of $5.24. The firm has a market capitalization of $64.87 million, a price-to-earnings ratio of 3.64 and a beta of 1.72.

Institutional Trading of CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. raised its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,579 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. James Investment Research Inc. owned approximately 0.21% of CPI Aerostructures worth $91,000 at the end of the most recent reporting period. 25.98% of the stock is currently owned by institutional investors and hedge funds.

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.