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

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

CPI Aerostructures Price Performance

Shares of NYSE:CVU opened at $3.79 on Tuesday. CPI Aerostructures has a one year low of $2.16 and a one year high of $4.06. 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 company has a market capitalization of $49.27 million, a P/E ratio of 2.77 and a beta of 1.70.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPI Aerostructures stock. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of CPI Aerostructures, Inc. (NYSE:CVU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 owned by institutional investors and hedge funds.

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.