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

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

CPI Aerostructures Price Performance

CPI Aerostructures stock opened at $2.64 on Friday. The stock has a market capitalization of $33.92 million, a price-to-earnings ratio of 1.91 and a beta of 1.68. CPI Aerostructures has a 1 year low of $2.15 and a 1 year high of $4.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.49 and a quick ratio of 1.44.

CPI Aerostructures (NYSEAMERICAN:CVU) last announced 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 firm had revenue of $23.50 million during the quarter.

CPI Aerostructures Company Profile

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.