CPI Aerostructures (NYSE:CVU) Trading Down 1.8% – Should You Sell?

CPI Aerostructures, Inc. (NYSE:CVU)’s share price was down 1.8% on Friday . The company traded as low as $4.20 and last traded at $4.40. Approximately 312,705 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 265,082 shares. The stock had previously closed at $4.48.

CPI Aerostructures Stock Down 1.8%

The firm has a market cap of $58.01 million, a PE ratio of 3.21 and a beta of 0.99. The company has a 50-day simple moving average of $3.06 and a 200-day simple moving average of $2.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.56.

Institutional Trading of CPI Aerostructures

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new position in CPI Aerostructures in the 1st quarter worth about $115,000. Evergreen Capital Management LLC bought a new position in CPI Aerostructures in the 2nd quarter worth about $63,000. Finally, Thompson Davis & CO. Inc. bought a new position in CPI Aerostructures in the 2nd quarter worth about $45,000. 25.98% of the stock is owned by hedge funds and other institutional investors.

CPI Aerostructures Company Profile

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.