CPI Aerostructures (NYSE:CVU – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.
CPI Aerostructures Stock Up 8.1 %
Shares of CVU opened at $3.73 on Tuesday. CPI Aerostructures has a 12-month low of $2.16 and a 12-month high of $5.85. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $48.49 million, a price-to-earnings ratio of 2.72 and a beta of 1.54. The firm’s 50-day moving average price is $4.36.
Hedge Funds Weigh In On CPI Aerostructures
Several institutional investors and hedge funds have recently added to or reduced their stakes in CVU. Cerity Partners LLC acquired a new stake in CPI Aerostructures during the fourth quarter valued at approximately $40,000. Sanctuary Advisors LLC acquired a new stake in CPI Aerostructures during the fourth quarter valued at approximately $100,000. Finally, Renaissance Technologies LLC boosted its holdings in CPI Aerostructures by 27.4% during the fourth quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock valued at $433,000 after purchasing an additional 23,000 shares in the last quarter. 25.98% of the stock is currently owned by institutional investors.
About CPI Aerostructures
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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