StockNews.com started coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU – Free Report) in a report published on Saturday morning. The firm issued a buy rating on the aerospace company’s stock.
CPI Aerostructures Trading Up 1.3 %
Shares of CPI Aerostructures stock opened at $2.43 on Friday. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $4.34. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $31.25 million, a P/E ratio of 12.15 and a beta of 1.67.
CPI Aerostructures (NYSEAMERICAN:CVU – Get Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The aerospace company reported $0.01 earnings per share for the quarter. The business 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.
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