CPI Aerostructures (NYSEAMERICAN:CVU) Stock Passes Above 200-Day Moving Average of $0.00

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CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) crossed 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 $6.78. CPI Aerostructures shares last traded at $6.73, with a volume of 120 shares.

CPI Aerostructures (NYSEAMERICAN:CVU) last issued its quarterly earnings results on Wednesday, November 6th. The aerospace company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). The company had revenue of $25.71 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC lifted its holdings in CPI Aerostructures by 52.0% in the third quarter. Truvestments Capital LLC now owns 3,800 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 1,300 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new stake in CPI Aerostructures in the third quarter valued at $363,000. Morgan Stanley lifted its holdings in CPI Aerostructures by 61.0% in the second quarter. Morgan Stanley now owns 45,876 shares of the aerospace company’s stock valued at $386,000 after acquiring an additional 17,384 shares during the period. BlackRock Inc. lifted its holdings in CPI Aerostructures by 108.2% in the second quarter. BlackRock Inc. now owns 68,673 shares of the aerospace company’s stock valued at $578,000 after acquiring an additional 35,693 shares during the period. Finally, River & Mercantile Asset Management LLP acquired a new stake in CPI Aerostructures in the second quarter valued at $861,000.

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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