CPI Aerostructures (NYSEAMERICAN:CVU) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVUFree Report) in a research note issued to investors on Wednesday. The firm issued a buy rating on the aerospace company’s stock.

CPI Aerostructures Trading Up 2.0 %

Shares of CVU opened at $2.85 on Wednesday. The stock has a market capitalization of $36.56 million, a PE ratio of 2.07 and a beta of 1.68. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $4.34. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.45 and a current ratio of 1.51.

CPI Aerostructures (NYSEAMERICAN:CVUGet Free Report) last issued its earnings results on Friday, April 5th. The aerospace company reported $0.08 earnings per share for the quarter. CPI Aerostructures had a return on equity of 154.84% and a net margin of 10.61%. The company had revenue of $23.50 million for the quarter.

Hedge Funds Weigh In On CPI Aerostructures

A number of hedge funds have recently added to or reduced their stakes in CVU. Millennium Management LLC acquired a new position in CPI Aerostructures during the fourth quarter valued at approximately $55,000. NewEdge Advisors LLC lifted its position in CPI Aerostructures by 53.9% in the first quarter. NewEdge Advisors LLC now owns 19,671 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 6,892 shares during the period. Renaissance Technologies LLC bought a new position in CPI Aerostructures in the fourth quarter worth $61,000. Geode Capital Management LLC bought a new position in CPI Aerostructures in the fourth quarter worth $77,000. Finally, Citadel Advisors LLC lifted its position in CPI Aerostructures by 83.0% in the fourth quarter. Citadel Advisors LLC now owns 32,051 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 14,537 shares during the period. Institutional investors and hedge funds own 25.98% of the company’s stock.

About CPI Aerostructures

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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 also offers aerosystems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.

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