Shares of CPI Aerostructures, Inc. (NYSEAMERICAN:CVU – Get Rating) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

CPI Aerostructures Stock Up 0.4 %

The firm has a market cap of $28.99 million, a price-to-earnings ratio of 10.13 and a beta of 1.82.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. James Investment Research Inc. raised its holdings in shares of CPI Aerostructures by 45.4% during the 2nd quarter. James Investment Research Inc. now owns 18,579 shares of the aerospace company's stock worth $31,000 after acquiring an additional 5,800 shares during the period. NewEdge Advisors LLC raised its holdings in shares of CPI Aerostructures by 53.9% during the 1st quarter. NewEdge Advisors LLC now owns 19,671 shares of the aerospace company's stock worth $58,000 after acquiring an additional 6,892 shares during the period. Renaissance Technologies LLC raised its holdings in shares of CPI Aerostructures by 36.3% during the 1st quarter. Renaissance Technologies LLC now owns 87,400 shares of the aerospace company's stock worth $258,000 after acquiring an additional 23,300 shares during the period. Finally, Ancora Advisors LLC raised its holdings in shares of CPI Aerostructures by 41.4% during the 1st quarter. Ancora Advisors LLC now owns 126,557 shares of the aerospace company's stock worth $574,000 after acquiring an additional 37,045 shares during the period. Hedge funds and other institutional investors own 22.30% of the company's stock.

About CPI Aerostructures

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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