Richard S. Caswell Acquires 5,000 Shares of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Stock

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Director Richard S. Caswell bought 5,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was purchased at an average price of $2.69 per share, with a total value of $13,450.00. Following the completion of the transaction, the director now directly owns 122,981 shares of the company’s stock, valued at approximately $330,818.89. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CPI Aerostructures Price Performance

CVU traded up $0.10 during mid-day trading on Thursday, reaching $2.70. 27,160 shares of the stock were exchanged, compared to its average volume of 44,532. The company has a market capitalization of $34.72 million, a price-to-earnings ratio of 2.01 and a beta of 1.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.53 and a quick ratio of 1.48. CPI Aerostructures, Inc. has a 1 year low of $2.15 and a 1 year high of $4.06.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on CPI Aerostructures in a research note on Tuesday. They set a “buy” rating on the 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.