StockNews.com Initiates Coverage on CPI Aerostructures (NYSE:CVU)

Analysts at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU - Get Free Report) in a note issued to investors on Thursday. The firm set a "strong-buy" rating on the stock.

CPI Aerostructures Stock Down 1.5 %

Shares of CVU traded down $0.07 on Thursday, hitting $4.46. The company's stock had a trading volume of 67,971 shares, compared to its average volume of 113,174. The business has a fifty day moving average of $4.40. CPI Aerostructures has a fifty-two week low of $2.16 and a fifty-two week 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 stock has a market capitalization of $57.98 million, a price-to-earnings ratio of 3.26 and a beta of 1.74.

Institutional Investors Weigh In On CPI Aerostructures

A number of hedge funds and other institutional investors have recently made changes to their positions in CVU. James Investment Research Inc. boosted its stake in CPI Aerostructures by 23.2% in the 3rd quarter. James Investment Research Inc. now owns 26,579 shares of the company's stock worth $91,000 after purchasing an additional 5,000 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of CPI Aerostructures in the third quarter valued at about $62,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of CPI Aerostructures during the fourth quarter worth about $100,000. 25.98% of the stock is currently owned by institutional investors and hedge funds.

CPI Aerostructures Company Profile

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.