StockNews.com Begins Coverage on CPI Aerostructures (NYSE:CVU)

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

CPI Aerostructures Trading Up 7.9 %

Shares of NYSE CVU opened at $4.65 on Friday. The company has a 50-day simple moving average of $3.69. The firm has a market cap of $60.45 million, a PE ratio of 3.39 and a beta of 1.72. CPI Aerostructures has a 52 week low of $2.16 and a 52 week high of $4.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. boosted its holdings in CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,579 shares of the company’s stock after acquiring an additional 5,000 shares during the period. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 at the end of the most recent quarter. 25.98% of the stock is owned by institutional investors and hedge funds.

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.