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

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note published on Wednesday. The brokerage issued a buy rating on the stock.

CPI Aerostructures Trading Down 0.5 %

Shares of CVU opened at $5.43 on Wednesday. The company has a market cap of $70.60 million, a price-to-earnings ratio of 3.96 and a beta of 1.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $5.85. The company’s 50-day moving average is $4.26.

Hedge Funds Weigh In On CPI Aerostructures

An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of CPI Aerostructures, Inc. (NYSE:CVU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. 25.98% of the stock is 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.