CPI Aerostructures (NYSE:CVU) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU - Free Report) in a research report report published on Wednesday morning. The brokerage issued a buy rating on the stock.

CPI Aerostructures Price Performance

CVU traded down $0.32 during trading on Wednesday, reaching $4.80. 192,462 shares of the company's stock were exchanged, compared to its average volume of 109,181. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. CPI Aerostructures has a 1 year low of $2.16 and a 1 year high of $5.85. The stock has a fifty day moving average of $4.31. The stock has a market capitalization of $62.40 million, a PE ratio of 3.50 and a beta of 1.72.

Institutional Investors Weigh In On CPI Aerostructures

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in CPI Aerostructures during the third quarter worth $62,000. James Investment Research Inc. raised its position in shares of CPI Aerostructures by 23.2% in the third quarter. James Investment Research Inc. now owns 26,579 shares of the company's stock worth $91,000 after acquiring an additional 5,000 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of CPI Aerostructures during the 4th quarter worth about $100,000. Institutional investors and hedge funds own 25.98% of the company's stock.

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.