CPI Aerostructures Inc. Hits New 52-Week High at $15.50 (CVU)
CPI Aerostructures (NYSE:CVU)’s share price reached a new 52-week high during mid-day trading on Tuesday, AmericanBankingNews.com reports. The stock traded as high as $15.50 and last traded at $15.48, with a volume of 43,218 shares traded. The stock had previously closed at $15.11.
Separately, analysts at Noble Financial raised their price target on shares of CPI Aerostructures from $14.50 to $18.00 in a research note to investors on Friday, November 22nd.
CPI Aerostructures has a 52 week low of $8.25 and a 52 week high of $15.57. The stock’s 50-day moving average is $14.87 and its 200-day moving average is $12.3. The company has a market cap of $130.6 million and a price-to-earnings ratio of 14.24.
CPI Aerostructures (NYSE:CVU) last announced its earnings results on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. The company had revenue of $20.70 million for the quarter, compared to the consensus estimate of $15.90 million. Analysts expect that CPI Aerostructures will post $0.86 EPS for the current fiscal year.
CPI Aerostructures, Inc (NYSE:CVU) is engaged in the contract production of structural aircraft parts principally for the United States Air Force and other branches of the United States armed forces, either as a prime contractor or as a subcontractor to other defense prime contractors.
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