StockNews.com Initiates Coverage on CPI Aerostructures (NYSE:CVU)

StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU) in a report issued on Saturday. The firm set a “buy” rating on the stock.

CPI Aerostructures Stock Up 1.4 %

CVU opened at $3.38 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.58 and a quick ratio of 1.54. The firm has a market cap of $44.00 million, a P/E ratio of 2.54 and a beta of 1.70. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $3.55.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPI Aerostructures, Inc. (NYSE:CVU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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. 25.98% of the stock is currently owned by institutional investors and hedge funds.

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.