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

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

CPI Aerostructures Stock Up 6.7 %

NYSE:CVU opened at $3.88 on Thursday. 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 12-month low of $2.16 and a 12-month high of $4.06. The company has a 50 day simple moving average of $3.44. The company has a market capitalization of $50.38 million, a price-to-earnings ratio of 2.83 and a beta of 1.74.

Hedge Funds Weigh In On CPI Aerostructures

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new stake in CPI Aerostructures, Inc. (NYSE:CVU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned about 0.14% of CPI Aerostructures as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 25.98% of the company’s stock.

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.