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

Equities researchers at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSE:CVU) in a note issued to investors on Monday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Trading Up 16.1 %

NYSE:CVU opened at $3.67 on Monday. The firm has a market cap of $47.71 million, a PE ratio of 2.68 and a beta of 1.70. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $3.76. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On CPI Aerostructures

A hedge fund recently raised its stake in CPI Aerostructures stock. James Investment Research Inc. lifted its holdings in shares of CPI Aerostructures, Inc. (NYSE:CVU) by 23.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,579 shares of the company’s stock after buying an additional 5,000 shares during the period. James Investment Research Inc. owned about 0.21% of CPI Aerostructures worth $91,000 as of its most recent filing with the SEC. Institutional investors own 25.98% of the company’s stock.

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.