Equities research analysts at StockNews.com began coverage on shares of CPI Aerostructures (NYSE:CVU – Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “strong-buy” rating on the stock.
CPI Aerostructures Trading Down 1.5 %
CVU stock opened at $4.46 on Thursday. The firm has a market cap of $57.98 million, a P/E ratio of 3.26 and a beta of 1.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. CPI Aerostructures has a 12 month low of $2.16 and a 12 month high of $5.85. The company has a 50-day simple moving average of $4.38.
Institutional Trading of CPI Aerostructures
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. James Investment Research Inc. increased its holdings in shares of CPI Aerostructures by 23.2% during the 3rd quarter. James Investment Research Inc. now owns 26,579 shares of the company’s stock worth $91,000 after buying an additional 5,000 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of CPI Aerostructures during the 4th quarter worth approximately $100,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CPI Aerostructures during the 3rd quarter worth approximately $62,000. Institutional investors and hedge funds 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.
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