CPI Aerostructures, Inc. (NYSEAMERICAN:CVU – Get Rating) 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.
The stock has a market cap of $28.99 million, a PE ratio of 10.13 and a beta of 1.82.
Get CPI Aerostructures alerts:CPI Aerostructures (NYSEAMERICAN:CVU – Get Rating) last posted its quarterly earnings data on Friday, May 13th. The aerospace company reported $0.05 EPS for the quarter. The company had revenue of $23.90 million for the quarter.
A number of institutional investors and hedge funds have recently bought and sold shares of CVU. NewEdge Advisors LLC increased its stake 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 in the last quarter. Renaissance Technologies LLC increased its stake 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 in the last quarter. Ancora Advisors LLC increased its stake in CPI Aerostructures by 41.4% in the 1st quarter. Ancora Advisors LLC now owns 126,557 shares of the aerospace company's stock valued at $574,000 after purchasing an additional 37,045 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. purchased a new position in CPI Aerostructures in the 4th quarter valued at approximately $454,000. 22.30% of the stock is owned by hedge funds and other institutional investors.About CPI Aerostructures (NYSEAMERICAN:CVU)
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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