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EDGEWOOD, N.Y., November 13, 2019 – Shares of CPI Aerostructures Inc. (NYSE: CVU) showed no change to $7.48. The stock grabbed the investor’s attention and traded 9.868K shares as compared to its average daily volume of 30.51K shares. The stock’s institutional ownership stands at 57.00%.
CPI Aerostructures, Inc. (NYSE American: CVU) reported revenue of $23.20M compared to $20.30M. Gross profit of $5.00M compared to $4.60M. Gross margin was 21.4% compared to 22.6%. Pre-tax income of $1.70M compared to $1.60M.
Net income of $2.70M compared to $1.30M, including a tax benefit of approximately $1.00M due to the reversal of a portion of the approximately $3.10M liability that was recorded at December 31, 2018 for an uncertain tax position related to a federal income tax audit. Total backlog at $447.60M with multi-year defense contracts comprising 86%. Cash flow from operations was $1.10M compared to $1.00M.
CVU has a market value of $85.05M while its EPS was booked as $0.36 in the last 12 months. The stock has 11.37M shares outstanding. In the profitability analysis, the company has gross profit margin of 21.10% while net profit margin was 2.80%. Beta value of the company was 0.24; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.00.