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

by · The Cerbat Gem

StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU – Free Report) in a research note released on Friday morning. The brokerage issued a buy rating on the stock.

CPI Aerostructures Price Performance

Shares of NYSE CVU opened at $3.34 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.58 and a debt-to-equity ratio of 0.67. The stock has a market cap of $42.88 million, a PE ratio of 2.55 and a beta of 1.70. CPI Aerostructures has a 12 month low of $2.15 and a 12 month high of $3.55.

CPI Aerostructures (NYSE:CVU – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.11 EPS for the quarter. The business had revenue of $20.81 million during the quarter. CPI Aerostructures had a net margin of 19.86% and a return on equity of 14.87%.

Hedge Funds Weigh In On CPI Aerostructures

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC bought a new position in CPI Aerostructures, Inc. (NYSE:CVU – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned approximately 0.14% of CPI Aerostructures at the end of the most recent reporting period. Hedge funds and other institutional investors own 25.98% of the company’s stock.

CPI Aerostructures Company Profile

(Get Free Report)

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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