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

StockNews.com initiated coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a research report report published on Wednesday. The brokerage issued a buy rating on the aerospace company’s stock.

CPI Aerostructures Trading Down 1.7 %

Shares of CVU stock opened at $2.32 on Wednesday. The company has a market capitalization of $29.84 million, a price-to-earnings ratio of 1.77 and a beta of 1.63. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.75. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $4.34.

CPI Aerostructures (NYSEAMERICAN:CVU) last announced its earnings results on Wednesday, May 15th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter. CPI Aerostructures had a return on equity of 17.51% and a net margin of 19.62%. The business had revenue of $19.08 million for the quarter.

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.