CPI Aerostructures (NYSE:CVU) Cut to Buy at StockNews.com

StockNews.com cut shares of CPI Aerostructures (NYSE:CVU) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.

CPI Aerostructures Price Performance

CVU opened at $3.62 on Tuesday. The stock has a 50 day moving average price of $4.34. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $47.06 million, a price-to-earnings ratio of 2.64 and a beta of 1.54. CPI Aerostructures has a 1-year low of $2.16 and a 1-year high of $5.85.

Hedge Funds Weigh In On CPI Aerostructures

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new stake in CPI Aerostructures during the 4th quarter valued at approximately $100,000. Cerity Partners LLC purchased a new stake in CPI Aerostructures during the 4th quarter valued at approximately $40,000. Finally, Renaissance Technologies LLC grew its holdings in CPI Aerostructures by 27.4% during the 4th quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock valued at $433,000 after buying an additional 23,000 shares in the last quarter. 25.98% of the stock is currently owned by hedge funds and other 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.