StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU – Free Report) in a research note released on Sunday morning. The brokerage issued a buy rating on the stock.
CPI Aerostructures Price Performance
NYSE:CVU opened at $4.62 on Friday. The company has a 50-day moving average price of $3.71. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $4.78. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. The firm has a market cap of $60.06 million, a price-to-earnings ratio of 3.37 and a beta of 1.72.
Hedge Funds Weigh In On CPI Aerostructures
A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC bought a new stake in CPI Aerostructures, Inc. (NYSE:CVU – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned about 0.14% of CPI Aerostructures at the end of the most recent reporting period. Institutional investors own 25.98% of the company’s stock.
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.
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