StockNews.com Initiates Coverage on CPI Aerostructures (NYSEAMERICAN:CVU)

Stock analysts at StockNews.com assumed coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a research report issued on Wednesday. The firm set a “buy” rating on the aerospace company’s stock.

CPI Aerostructures Trading Down 2.9 %

NYSEAMERICAN CVU opened at $2.33 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.48 and a debt-to-equity ratio of 0.75. The stock has a market cap of $29.96 million, a P/E ratio of 1.78 and a beta of 1.63. CPI Aerostructures has a twelve month low of $2.15 and a twelve month high of $4.34.

CPI Aerostructures (NYSEAMERICAN:CVU) last released its earnings results on Wednesday, May 15th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $19.08 million during the quarter. CPI Aerostructures had a net margin of 19.62% and a return on equity of 17.51%.

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.