CPI Aerostructures (NYSEAMERICAN:CVU) Stock Price Passes Above 200 Day Moving Average of $0.00

CPI Aerostructures, Inc. (NYSEAMERICAN:CVUGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.33. CPI Aerostructures shares last traded at $2.31, with a volume of 32,496 shares.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on CPI Aerostructures in a report on Wednesday. They set a “buy” rating on the stock.

Read Our Latest Report on CPI Aerostructures

CPI Aerostructures Price Performance

The firm has a market cap of $29.71 million, a PE ratio of 1.76 and a beta of 1.70. The company has a current ratio of 1.53, a quick ratio of 1.48 and a debt-to-equity ratio of 0.75.

CPI Aerostructures (NYSEAMERICAN:CVUGet Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $19.08 million for the quarter. CPI Aerostructures had a net margin of 19.62% and a return on equity of 17.51%.

About CPI Aerostructures

(Get Free Report)

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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