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

Stock analysts at StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

CPI Aerostructures Trading Up 0.3 %

Shares of CPI Aerostructures stock opened at $3.85 on Tuesday. The company has a market cap of $50.05 million, a price-to-earnings ratio of 2.80 and a beta of 1.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. CPI Aerostructures has a 12 month low of $2.16 and a 12 month high of $4.06. The firm’s 50-day moving average price is $3.37.

Institutional Trading of CPI Aerostructures

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. increased its stake in CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,579 shares of the company’s stock after acquiring an additional 5,000 shares during the period. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 as of its most recent SEC filing. Hedge funds and other 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.