StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU - Free Report) in a report issued on Friday morning. The brokerage issued a buy rating on the stock.
CPI Aerostructures Price Performance
Shares of CPI Aerostructures stock traded up $0.02 during trading on Friday, reaching $3.87. 23,190 shares of the company traded hands, compared to its average volume of 42,998. The company has a market cap of $50.31 million, a price-to-earnings ratio of 2.82 and a beta of 1.74. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $4.07. The company has a 50 day moving average price of $3.49. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62.
Hedge Funds Weigh In On CPI Aerostructures
A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new position in CPI Aerostructures, Inc. (NYSE:CVU - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter. 25.98% of the stock is currently owned by institutional investors.
About CPI Aerostructures
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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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