CPI Aerostructures (NYSE:CVU) Trading Down 1.8% – What’s Next?

CPI Aerostructures, Inc. (NYSE:CVU)’s share price was down 1.8% during mid-day trading on Friday . The stock traded as low as $4.20 and last traded at $4.40. Approximately 312,705 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 265,082 shares. The stock had previously closed at $4.48.

CPI Aerostructures Trading Down 1.8%

The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $58.01 million, a price-to-earnings ratio of 3.21 and a beta of 0.99. The firm’s 50-day moving average is $3.06 and its 200 day moving average is $2.93.

Institutional Investors Weigh In On CPI Aerostructures

Institutional investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. acquired a new stake in shares of CPI Aerostructures in the second quarter valued at about $45,000. Evergreen Capital Management LLC bought a new stake in CPI Aerostructures in the second quarter valued at approximately $63,000. Finally, Goldman Sachs Group Inc. acquired a new stake in CPI Aerostructures during the 1st quarter valued at approximately $115,000. Institutional investors own 25.98% of the company’s stock.

CPI Aerostructures Company Profile

CPI Aerostructures, Inc operates as a precision manufacturer of complex aerostructure and structural components for commercial, regional, military and business jet aircraft markets. The company specializes in design, engineering, prototyping and production of metallic and composite assemblies, including wing ribs and panels, floor beams, flight control surfaces, fuselage sections and other structural subassemblies. It leverages advanced machining centers, automated fabrication processes and in-house tool design to deliver parts that meet stringent aerospace specifications.

In addition to fabrication and assembly, CPI Aerostructures provides comprehensive aftermarket support through maintenance, repair and overhaul (MRO) services.