CPI Aerostructures, Inc. (NYSEAMERICAN:CVU)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $7.98. CPI Aerostructures shares last traded at $7.98, with a volume of 14,802 shares trading hands.
CPI Aerostructures (NYSEAMERICAN:CVU) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The business had revenue of $23.16 million for the quarter.
Institutional investors have recently made changes to their positions in the business. Truvestments Capital LLC boosted its holdings in shares of CPI Aerostructures by 52.0% in the third quarter. Truvestments Capital LLC now owns 3,800 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 1,300 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of CPI Aerostructures in the third quarter valued at approximately $363,000. Morgan Stanley boosted its holdings in shares of CPI Aerostructures by 61.0% in the second quarter. Morgan Stanley now owns 45,876 shares of the aerospace company’s stock valued at $386,000 after acquiring an additional 17,384 shares during the period. BlackRock Inc. boosted its holdings in shares of CPI Aerostructures by 108.2% in the second quarter. BlackRock Inc. now owns 68,673 shares of the aerospace company’s stock valued at $578,000 after acquiring an additional 35,693 shares during the period. Finally, River & Mercantile Asset Management LLP acquired a new stake in shares of CPI Aerostructures in the second quarter valued at approximately $861,000.
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 also offers aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.
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