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

StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note released on Friday morning. The brokerage issued a buy rating on the stock.

CPI Aerostructures Stock Performance

NYSE:CVU opened at $3.87 on Friday. CPI Aerostructures has a 1 year low of $2.16 and a 1 year high of $4.07. 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 business has a fifty day simple moving average of $3.50. The stock has a market capitalization of $50.31 million, a PE ratio of 2.82 and a beta of 1.74.

Institutional Trading of 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 disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 25.98% of the stock is owned by institutional investors and hedge funds.

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.