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

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

CPI Aerostructures Price Performance

CVU opened at $5.44 on Tuesday. The firm has a market capitalization of $70.72 million, a PE ratio of 3.97 and a beta of 1.72. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. CPI Aerostructures has a 12-month low of $2.16 and a 12-month high of $5.49. The company has a fifty day moving average of $4.03.

Hedge Funds Weigh In On CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. grew its position in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,579 shares of the company’s stock after buying an additional 5,000 shares during the period. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 as of its most recent SEC filing. 25.98% of the stock is 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.