Stock analysts at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU - Get Free Report) in a note issued to investors on Tuesday. The firm set a "buy" rating on the stock.
CPI Aerostructures Stock Performance
CPI Aerostructures stock traded up $0.11 during mid-day trading on Tuesday, reaching $5.10. The company's stock had a trading volume of 142,316 shares, compared to its average volume of 108,185. 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 12 month low of $2.16 and a 12 month high of $5.24. The firm's 50 day simple moving average is $3.96. The stock has a market cap of $66.31 million, a P/E ratio of 3.72 and a beta of 1.72.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of CPI Aerostructures, Inc. (NYSE:CVU - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 18,000 shares of the company's stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned 0.14% of CPI Aerostructures as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 25.98% of the company's stock.
CPI Aerostructures Company Profile
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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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