StockNews.com initiated coverage on shares of CPI Aerostructures (NYSEAMERICAN:CVU – Free Report) in a research note published on Monday morning. The brokerage issued a buy rating on the aerospace company’s stock.
CPI Aerostructures Price Performance
NYSEAMERICAN CVU opened at $2.72 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $34.95 million, a price-to-earnings ratio of 1.97 and a beta of 1.68. CPI Aerostructures has a 12-month low of $2.15 and a 12-month high of $4.34.
CPI Aerostructures (NYSEAMERICAN:CVU – Get Free Report) last posted its quarterly earnings data on Friday, April 5th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter. CPI Aerostructures had a net margin of 19.89% and a return on equity of 32.45%. The firm 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 also offers aerosystems, 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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