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

StockNews.com started coverage on shares of CPI Aerostructures (NYSE:CVU) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the stock.

CPI Aerostructures Price Performance

NYSE CVU opened at $2.95 on Monday. CPI Aerostructures has a 52-week low of $2.15 and a 52-week high of $3.55. The company has a market capitalization of $38.35 million, a PE ratio of 2.15 and a beta of 1.70. The company has a quick ratio of 1.54, a current ratio of 1.60 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CPI Aerostructures, Inc. (NYSE:CVU) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,000 shares of the company’s stock, valued at approximately $62,000. Wealth Enhancement Advisory Services LLC owned about 0.14% of CPI Aerostructures as of its most recent filing with the Securities & Exchange Commission. 25.98% of the stock is currently 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.