CPI Aerostructures (NYSE:CVU) Trading Down 4.4% – Should You Sell?

CPI Aerostructures, Inc. (NYSE:CVU)’s stock price dropped 4.4% during trading on Monday . The company traded as low as $3.22 and last traded at $3.25. Approximately 25,825 shares were traded during trading, a decline of 46% from the average daily volume of 48,096 shares. The stock had previously closed at $3.40.

Analyst Ratings Changes

Separately, StockNews.com lowered CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th.

CPI Aerostructures Stock Performance

The firm has a market capitalization of $42.35 million, a PE ratio of 2.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.60. The business’s fifty day simple moving average is $3.60 and its 200-day simple moving average is $3.85.

CPI Aerostructures (NYSE:CVU) last posted its earnings results on Monday, March 31st. The company reported $0.26 earnings per share for the quarter. CPI Aerostructures had a net margin of 20.63% and a return on equity of 13.98%. During the same quarter in the previous year, the business earned $1.38 earnings per share.

Hedge Funds Weigh In On CPI Aerostructures

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVU. Ritholtz Wealth Management bought a new stake in CPI Aerostructures in the 1st quarter worth approximately $93,000. Sanctuary Advisors LLC purchased a new position in shares of CPI Aerostructures in the fourth quarter valued at $100,000. Renaissance Technologies LLC increased its position in CPI Aerostructures by 27.4% in the fourth quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock worth $433,000 after purchasing an additional 23,000 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in CPI Aerostructures during the fourth quarter valued at $40,000. 25.98% of the stock is 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.