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

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a report issued on Thursday. The brokerage issued a strong-buy rating on the stock.

CPI Aerostructures Trading Down 3.8 %

CVU opened at $4.53 on Thursday. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $5.85. The firm has a market capitalization of $58.89 million, a P/E ratio of 3.31 and a beta of 1.74. The business’s fifty day simple moving average is $4.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60.

Hedge Funds Weigh In On CPI Aerostructures

Several large investors have recently added to or reduced their stakes in the business. James Investment Research Inc. lifted its holdings in shares of CPI Aerostructures by 23.2% in the third quarter. James Investment Research Inc. now owns 26,579 shares of the company’s stock valued at $91,000 after purchasing an additional 5,000 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in CPI Aerostructures during the fourth quarter worth $100,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in CPI Aerostructures in the 3rd quarter valued at $62,000. Institutional investors 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.