StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU - Free Report) in a report published on Sunday. The firm issued a buy rating on the stock.
CPI Aerostructures Price Performance
Shares of NYSE:CVU remained flat at $4.31 during trading on Friday. 73,307 shares of the stock traded hands, compared to its average volume of 98,303. The firm's 50-day moving average price is $3.66. CPI Aerostructures has a twelve month low of $2.16 and a twelve month high of $4.56. 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 stock has a market cap of $56.03 million, a PE ratio of 3.15 and a beta of 1.72.
Institutional Trading of CPI Aerostructures
A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new stake in CPI Aerostructures, Inc. (NYSE:CVU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 hedge funds and other institutional investors.
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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