Begins Coverage on CPI Aerostructures (NYSE:CVU) started coverage on shares of CPI Aerostructures (NYSE:CVUGet Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

CVU stock opened at $2.58 on Thursday. The stock has a 50-day simple moving average of $2.75. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $4.39. The company has a market cap of $32.10 million, a price-to-earnings ratio of 7.82 and a beta of 1.75.

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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