CPI Aerostructures (NYSE:CVU) Shares Down 2.2% – Should You Sell?

Shares of CPI Aerostructures, Inc. (NYSE:CVU) traded down 2.2% on Wednesday . The stock traded as low as $4.36 and last traded at $4.36. 54,993 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 133,727 shares. The stock had previously closed at $4.46.

CPI Aerostructures Stock Performance

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 firm has a market cap of $57.49 million, a P/E ratio of 3.18 and a beta of 0.96. The business has a fifty day simple moving average of $4.17 and a 200-day simple moving average of $3.25.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS bought a new stake in CPI Aerostructures during the fourth quarter worth about $504,000. State Street Corp bought a new position in shares of CPI Aerostructures during the fourth quarter valued at approximately $255,000. Goldman Sachs Group Inc. purchased a new position in shares of CPI Aerostructures during the first quarter valued at approximately $115,000. Thompson Davis & CO. Inc. purchased a new position in shares of CPI Aerostructures during the fourth quarter valued at approximately $116,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of CPI Aerostructures in the 2nd quarter worth approximately $63,000. 25.98% of the stock is owned by hedge funds and other institutional investors.

About CPI Aerostructures

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.