CPI Aerostructures (NYSEAMERICAN:CVU) Stock Passes Above 200-Day Moving Average of $0.00

CPI Aerostructures, Inc. (NYSEAMERICAN:CVUGet Rating) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $2.38. CPI Aerostructures shares last traded at $2.33, with a volume of 23,500 shares changing hands.

CPI Aerostructures Trading Up 0.4 %

The firm has a market cap of $28.99 million, a price-to-earnings ratio of 10.13 and a beta of 1.82.

CPI Aerostructures (NYSEAMERICAN:CVUGet Rating) last posted its quarterly earnings results on Friday, May 13th. The aerospace company reported $0.05 earnings per share for the quarter. The business had revenue of $23.90 million for the quarter.

Hedge Funds Weigh In On CPI Aerostructures

Institutional investors and hedge funds have recently bought and sold shares of the business. Ancora Advisors LLC boosted its position in CPI Aerostructures by 41.4% during the first quarter. Ancora Advisors LLC now owns 126,557 shares of the aerospace company’s stock worth $574,000 after acquiring an additional 37,045 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in CPI Aerostructures by 36.3% in the 1st quarter. Renaissance Technologies LLC now owns 87,400 shares of the aerospace company’s stock valued at $258,000 after purchasing an additional 23,300 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in CPI Aerostructures by 53.9% in the 1st quarter. NewEdge Advisors LLC now owns 19,671 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 6,892 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new position in CPI Aerostructures in the 4th quarter valued at about $454,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

CPI Aerostructures Company Profile

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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 aero systems, 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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