StockNews.com initiated coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU – Free Report) in a report published on Monday. The brokerage issued a buy rating on the aerospace company’s stock.
CPI Aerostructures Price Performance
Shares of CPI Aerostructures stock opened at $2.72 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.49 and a quick ratio of 1.44. The company has a market capitalization of $34.95 million, a P/E ratio of 1.97 and a beta of 1.68. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $4.34.
CPI Aerostructures (NYSEAMERICAN:CVU – Get Free Report) last issued its quarterly earnings results on Friday, April 5th. The aerospace company reported $0.08 earnings per share for the quarter. The business had revenue of $23.50 million during the quarter. CPI Aerostructures had a net margin of 19.89% and a return on equity of 32.45%.
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 also offers aerosystems, 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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