Air Industries Group (NYSE:AIRI) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Air Industries Group (NYSE:AIRI) in a report released on Wednesday. The firm issued a hold rating on the stock.

Air Industries Group Trading Up 0.2 %

Shares of AIRI opened at $4.90 on Wednesday. The stock’s 50-day moving average is $4.30 and its two-hundred day moving average is $3.49. The stock has a market cap of $16.17 million, a PE ratio of -4.95 and a beta of 0.59. Air Industries Group has a 12 month low of $2.60 and a 12 month high of $5.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.26.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Air Industries Group stock. Virtu Financial LLC grew its stake in shares of Air Industries Group (NYSE:AIRI) by 71.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,173 shares of the company’s stock after purchasing an additional 34,210 shares during the quarter. Virtu Financial LLC owned 0.25% of Air Industries Group worth $58,000 at the end of the most recent quarter. 42.68% of the stock is currently owned by institutional investors.

Air Industries Group Company Profile

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense in the United States. The company operates through two segments, Complex Machining and Turbine and Engine Component.