StockNews.com assumed coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU – Free Report) in a research note released on Saturday. The brokerage issued a buy rating on the aerospace company’s stock.
CPI Aerostructures Stock Performance
Shares of CVU opened at $2.43 on Friday. The firm has a market capitalization of $31.25 million, a price-to-earnings ratio of 1.85 and a beta of 1.67. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $4.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.53 and a quick ratio of 1.48.
CPI Aerostructures (NYSEAMERICAN:CVU – Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The aerospace company reported $0.01 earnings per share for the quarter. The company had revenue of $19.08 million for the quarter. CPI Aerostructures had a net margin of 19.62% and a return on equity of 17.51%.
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.
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