CPI Aerostructures (NYSE:CVU) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research note published on Tuesday. The brokerage issued a buy rating on the stock.

CPI Aerostructures Stock Up 1.6 %

Shares of NYSE CVU opened at $3.84 on Tuesday. The stock has a market capitalization of $49.92 million, a price-to-earnings ratio of 2.77 and a beta of 1.70. CPI Aerostructures has a 12-month low of $2.16 and a 12-month high of $4.06. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62.

Institutional Trading of CPI Aerostructures

An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC bought a new stake in CPI Aerostructures, Inc. (NYSE:CVU) during the third quarter, according to its most recent 13F filing with the 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 quarter. Hedge funds and other institutional investors own 25.98% of the company’s stock.

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.