CPI Aerostructures (NYSE:CVU) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

CPI Aerostructures Stock Performance

Shares of CVU opened at $5.20 on Tuesday. CPI Aerostructures has a 1 year low of $2.16 and a 1 year high of $5.30. The stock has a market cap of $67.60 million, a PE ratio of 3.80 and a beta of 1.72. 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 firm has a 50-day moving average of $4.03.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CPI Aerostructures stock. James Investment Research Inc. raised its stake in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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.

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.