CPI Aerostructures (NYSE:CVU) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note issued to investors on Monday morning. The brokerage issued a buy rating on the stock.

CPI Aerostructures Price Performance

NYSE:CVU opened at $3.64 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. The company has a market capitalization of $47.32 million, a PE ratio of 2.62 and a beta of 1.70. CPI Aerostructures has a 12 month low of $2.15 and a 12 month high of $3.84.

Institutional Trading of CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. raised its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the third quarter, according to the company in its most recent Form 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 quarter. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 as of its most recent SEC filing. Institutional investors own 25.98% of the company’s stock.

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.