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

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

CPI Aerostructures Stock Performance

CVU stock opened at $4.67 on Monday. The business’s 50 day moving average price is $3.87. CPI Aerostructures has a fifty-two week low of $2.16 and a fifty-two week high of $5.24. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm has a market cap of $60.71 million, a P/E ratio of 3.41 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 acquired a new position in CPI Aerostructures, Inc. (NYSE:CVU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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. Institutional investors own 25.98% of the company’s 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.