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

Investment analysts at StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report issued on Tuesday. The firm set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

CPI Aerostructures stock opened at $5.20 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. CPI Aerostructures has a one year low of $2.16 and a one year high of $5.30. The firm has a market capitalization of $67.60 million, a P/E ratio of 3.80 and a beta of 1.72. The firm has a fifty day simple moving average of $4.03.

Institutional Investors Weigh In On CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. increased its position in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,579 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. James Investment Research Inc. owned 0.21% of CPI Aerostructures worth $91,000 as of its most recent filing with the SEC. 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.