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

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

CPI Aerostructures Price Performance

Shares of CVU traded down $0.15 during midday trading on Thursday, reaching $3.69. The stock had a trading volume of 30,012 shares, compared to its average volume of 43,184. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $4.06. The firm has a market capitalization of $47.97 million, a P/E ratio of 2.69 and a beta of 1.74. The business has a fifty day moving average price of $3.45.

Institutional Trading of CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. increased its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU - Free Report) by 23.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,579 shares of the company's stock after acquiring an additional 5,000 shares during the period. James Investment Research Inc. owned approximately 0.21% of CPI Aerostructures worth $91,000 as of its most recent SEC filing. 25.98% of the stock is owned by institutional investors.

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.