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

Analysts at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU) in a report issued on Saturday. The firm set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

NYSE:CVU opened at $3.93 on Friday. The firm has a 50-day moving average price of $3.57. 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 fifty-two week low of $2.16 and a fifty-two week high of $4.15. The company has a market cap of $51.09 million, a PE ratio of 2.87 and a beta of 1.74.

Hedge Funds Weigh In On CPI Aerostructures

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. boosted its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,579 shares of the company’s stock after buying an additional 5,000 shares during the quarter. James Investment Research Inc. owned 0.21% of CPI Aerostructures worth $91,000 at the end of the most recent reporting period. 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.