CPI Aerostructures (NYSEAMERICAN:CVU) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU) in a research note issued to investors on Sunday. The brokerage issued a buy rating on the aerospace company’s stock.

CPI Aerostructures Trading Down 1.5 %

Shares of CPI Aerostructures stock opened at $2.60 on Friday. CPI Aerostructures has a twelve month low of $2.15 and a twelve month high of $4.34. The stock has a market capitalization of $33.41 million, a price-to-earnings ratio of 1.88 and a beta of 1.68. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.80.

CPI Aerostructures (NYSEAMERICAN:CVU) last issued its quarterly earnings results on Friday, April 5th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter. CPI Aerostructures had a return on equity of 32.45% and a net margin of 19.89%. The business had revenue of $23.50 million during the quarter.

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.