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

StockNews.com initiated coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a report published on Wednesday morning. The brokerage issued a buy rating on the aerospace company’s stock.

CPI Aerostructures Stock Performance

Shares of NYSEAMERICAN:CVU opened at $3.39 on Wednesday. The firm has a market capitalization of $44.21 million, a P/E ratio of 2.59 and a beta of 1.69. The company has a quick ratio of 1.54, a current ratio of 1.58 and a debt-to-equity ratio of 0.67. CPI Aerostructures has a 52-week low of $2.15 and a 52-week high of $3.50.

CPI Aerostructures (NYSEAMERICAN:CVU) last issued its earnings results on Tuesday, August 13th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $20.81 million during the quarter. CPI Aerostructures had a return on equity of 14.87% and a net margin of 19.86%.

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.