CPI Aerostructures (NYSE:CVU) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note issued to investors on Sunday morning. The brokerage issued a buy rating on the stock.

CPI Aerostructures Stock Down 2.1 %

Shares of CVU stock opened at $3.31 on Friday. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $3.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 1.58. The company has a market cap of $43.15 million, a price-to-earnings ratio of 2.49 and a beta of 1.70.

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. The business had revenue of $20.81 million for the quarter. CPI Aerostructures had a net margin of 19.86% and a return on equity of 14.87%.

Institutional Trading of CPI Aerostructures

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. boosted its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,579 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. James Investment Research Inc. owned 0.21% of CPI Aerostructures worth $91,000 at the end of the most recent quarter. Institutional investors own 25.98% of the company’s stock.

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.