StockNews.com Initiates Coverage on CPI Aerostructures (NYSE:CVU)

StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVUGet Free Report) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

Shares of CPI Aerostructures stock opened at $5.12 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. CPI Aerostructures has a 52-week low of $2.16 and a 52-week high of $5.85. The firm has a fifty day simple moving average of $4.29. The stock has a market cap of $66.56 million, a PE ratio of 3.74 and a beta of 1.72.

Institutional Investors Weigh In On CPI Aerostructures

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CPI Aerostructures, Inc. (NYSE:CVUFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned 0.14% of CPI Aerostructures as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 25.98% of the company’s stock.

CPI Aerostructures Company Profile

(Get Free Report)

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.

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