CPI Aerostructures (NYSEAMERICAN:CVU) Earns Buy Rating from Analysts at StockNews.com

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

CPI Aerostructures Stock Down 0.3 %

Shares of CPI Aerostructures stock opened at $2.92 on Friday. The company has a market cap of $38.08 million, a P/E ratio of 2.23 and a beta of 1.69. CPI Aerostructures has a 1 year low of $2.15 and a 1 year high of $3.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 1.58.

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. CPI Aerostructures had a net margin of 19.86% and a return on equity of 14.87%. The firm had revenue of $20.81 million for the quarter.

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.