CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Director Richard S. Caswell Buys 5,000 Shares

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Director Richard S. Caswell bought 5,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $2.69 per share, for a total transaction of $13,450.00. Following the completion of the acquisition, the director now owns 122,981 shares in the company, valued at $330,818.89. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

CPI Aerostructures Stock Up 3.8 %

CVU stock opened at $2.70 on Friday. The company has a market cap of $34.72 million, a PE ratio of 2.06 and a beta of 1.67. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.48 and a current ratio of 1.53. CPI Aerostructures, Inc. has a one year low of $2.15 and a one year high of $4.06.

CPI Aerostructures (NYSEAMERICAN:CVU) last announced its earnings results on Tuesday, August 13th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $20.81 million for the quarter. CPI Aerostructures had a return on equity of 17.51% and a net margin of 19.62%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on CPI Aerostructures in a report on Tuesday. They set a “buy” rating on the stock.

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.