CPI Aerostructures, Inc. (NYSEAMERICAN:CVU – Get Rating)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.
CPI Aerostructures Stock Up 0.4 %
The stock has a market capitalization of $28.99 million, a price-to-earnings ratio of 10.13 and a beta of 1.82.
Get CPI Aerostructures alerts:Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in CVU. NewEdge Advisors LLC grew its position in CPI Aerostructures by 53.9% in the first quarter. NewEdge Advisors LLC now owns 19,671 shares of the aerospace company's stock worth $58,000 after acquiring an additional 6,892 shares during the period. Ancora Advisors LLC grew its position in CPI Aerostructures by 41.4% in 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 period. Renaissance Technologies LLC grew its position in CPI Aerostructures by 36.3% in the first quarter. Renaissance Technologies LLC now owns 87,400 shares of the aerospace company's stock worth $258,000 after acquiring an additional 23,300 shares during the period. Finally, James Investment Research Inc. grew its position in CPI Aerostructures by 45.4% in the second quarter. James Investment Research Inc. now owns 18,579 shares of the aerospace company's stock worth $31,000 after acquiring an additional 5,800 shares during the period. 22.30% of the stock is currently owned by hedge funds and other institutional investors.
About CPI Aerostructures
(Get Rating)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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