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

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

CPI Aerostructures Stock Up 1.9 %

Shares of NYSE CVU opened at $3.85 on Friday. The stock has a market cap of $50.05 million, a price-to-earnings ratio of 2.81 and a beta of 1.74. CPI Aerostructures has a twelve month low of $2.16 and a twelve month high of $4.07. 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 stock has a 50 day moving average price of $3.49.

Institutional Investors Weigh In On CPI Aerostructures

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CPI Aerostructures, Inc. (NYSE:CVU) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned 0.14% of CPI Aerostructures at the end of the most recent reporting period. 25.98% of the stock is currently owned by hedge funds and other institutional investors.

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.