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

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a report released on Sunday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

Shares of CVU opened at $4.31 on Friday. CPI Aerostructures has a fifty-two week low of $2.16 and a fifty-two week high of $4.56. The firm has a market cap of $56.03 million, a P/E ratio of 3.15 and a beta of 1.72. The company has a fifty day simple moving average of $3.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. grew its stake in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,579 shares of the company’s stock after buying an additional 5,000 shares during the period. James Investment Research Inc. owned 0.21% of CPI Aerostructures worth $91,000 as of its most recent SEC filing. 25.98% of the stock is currently owned by institutional investors.

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.