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

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

CPI Aerostructures Trading Up 0.5 %

CVU stock opened at $3.87 on Friday. The stock has a market capitalization of $50.31 million, a PE ratio of 2.82 and a beta of 1.74. 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 has a fifty day simple moving average of $3.50. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $4.07.

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 its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,579 shares of the company’s stock after purchasing 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 reporting period. Institutional investors and hedge funds 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.