CPI Aerostructures (NYSE:CVU) Trading Down 1.8% – Time to Sell?

Shares of CPI Aerostructures, Inc. (NYSE:CVU) traded down 1.8% during mid-day trading on Monday . The company traded as low as $3.70 and last traded at $3.83. 105,846 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 151,502 shares. The stock had previously closed at $3.90.

CPI Aerostructures Stock Performance

The company has a 50-day simple moving average of $3.63 and a two-hundred day simple moving average of $3.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. The firm has a market capitalization of $50.50 million, a P/E ratio of 2.80 and a beta of 0.99.

Hedge Funds Weigh In On CPI Aerostructures

Institutional investors and hedge funds have recently made changes to their positions in the business. Kornitzer Capital Management Inc. KS bought a new stake in shares of CPI Aerostructures in the 4th quarter worth approximately $504,000. Goldman Sachs Group Inc. bought a new stake in CPI Aerostructures in the first quarter worth $115,000. Thompson Davis & CO. Inc. purchased a new stake in shares of CPI Aerostructures in the fourth quarter worth $116,000. Finally, Evergreen Capital Management LLC bought a new position in shares of CPI Aerostructures during the second quarter valued at $63,000. 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.