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

StockNews.com initiated coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a report issued on Thursday. The brokerage issued a buy rating on the aerospace company’s stock.

CPI Aerostructures Price Performance

CVU opened at $3.41 on Thursday. CPI Aerostructures has a 12-month low of $2.15 and a 12-month high of $3.50. The company has a quick ratio of 1.54, a current ratio of 1.58 and a debt-to-equity ratio of 0.67. The company has a market cap of $44.47 million, a price-to-earnings ratio of 2.60 and a beta of 1.69.

CPI Aerostructures (NYSEAMERICAN:CVU) last posted its earnings results on Tuesday, August 13th. The aerospace company reported $0.11 earnings per share for the quarter. The firm had revenue of $20.81 million during the quarter. CPI Aerostructures had a net margin of 19.86% and a return on equity of 14.87%.

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.