CPI Aerostructures (NYSE:CVU) Trading Down 4.4% – Here’s Why

CPI Aerostructures, Inc. (NYSE:CVU)’s share price traded down 4.4% during trading on Monday . The stock traded as low as $3.22 and last traded at $3.25. 25,825 shares changed hands during trading, a decline of 46% from the average session volume of 48,096 shares. The stock had previously closed at $3.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered CPI Aerostructures from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th.

CPI Aerostructures Stock Down 4.4 %

The company has a market cap of $42.35 million, a PE ratio of 2.37 and a beta of 1.43. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $3.60 and its 200-day moving average is $3.85.

CPI Aerostructures (NYSE:CVU) last posted its quarterly earnings data on Monday, March 31st. The company reported $0.26 EPS for the quarter. CPI Aerostructures had a return on equity of 13.98% and a net margin of 20.63%. During the same quarter in the previous year, the firm earned $1.38 earnings per share.

Institutional Trading of CPI Aerostructures

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC purchased a new stake in shares of CPI Aerostructures in the 4th quarter worth $40,000. Ritholtz Wealth Management bought a new position in shares of CPI Aerostructures in the first quarter worth about $93,000. Sanctuary Advisors LLC purchased a new position in shares of CPI Aerostructures during the 4th quarter valued at about $100,000. Finally, Renaissance Technologies LLC increased its holdings in CPI Aerostructures by 27.4% in the 4th quarter. Renaissance Technologies LLC now owns 107,000 shares of the company’s stock worth $433,000 after acquiring an additional 23,000 shares in the last quarter. 25.98% of the stock is owned by hedge funds and other institutional investors.

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.