CPI Aerostructures, Inc. (NYSE:CVU – Get Free Report) traded down 1.2% during mid-day trading on Thursday . The company traded as low as $3.19 and last traded at $3.20. 86,387 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 566,413 shares. The stock had previously closed at $3.24.
CPI Aerostructures Stock Performance
The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56. The firm has a market capitalization of $44.30 million, a PE ratio of 2.45 and a beta of 1.07. The firm has a fifty day moving average price of $2.63 and a 200 day moving average price of $2.84.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new stake in shares of CPI Aerostructures during the first quarter valued at approximately $39,000. Thompson Davis & CO. Inc. acquired a new stake in CPI Aerostructures during the 2nd quarter valued at $45,000. Evergreen Capital Management LLC acquired a new stake in CPI Aerostructures during the 2nd quarter valued at $63,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of CPI Aerostructures in the first quarter valued at $115,000. 25.98% of the stock is owned by hedge funds and other institutional investors.
About CPI Aerostructures
CPI Aerostructures, Inc operates as a precision manufacturer of complex aerostructure and structural components for commercial, regional, military and business jet aircraft markets. The company specializes in design, engineering, prototyping and production of metallic and composite assemblies, including wing ribs and panels, floor beams, flight control surfaces, fuselage sections and other structural subassemblies. It leverages advanced machining centers, automated fabrication processes and in-house tool design to deliver parts that meet stringent aerospace specifications.
In addition to fabrication and assembly, CPI Aerostructures provides comprehensive aftermarket support through maintenance, repair and overhaul (MRO) services.
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