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

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

CPI Aerostructures Stock Performance

Shares of CVU opened at $3.71 on Thursday. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $4.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. The stock has a market cap of $48.23 million, a PE ratio of 2.71 and a beta of 1.74. The business has a 50-day moving average of $3.46.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC bought a new position in CPI Aerostructures, Inc. (NYSE:CVU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned 0.14% of CPI Aerostructures at the end of the most recent quarter. 25.98% of the stock is currently owned by institutional investors.

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.