Initiates Coverage on CPI Aerostructures (NYSE:CVU) began coverage on shares of CPI Aerostructures (NYSE:CVUGet Rating) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Shares of CVU opened at $2.48 on Wednesday. The stock has a market capitalization of $30.85 million, a price-to-earnings ratio of 10.78 and a beta of 1.77. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $4.61. The firm’s fifty day moving average is $2.75.

About CPI Aerostructures (Get Rating)

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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