Air Industries Group (NYSE:AIRI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Air Industries Group (NYSE:AIRI) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the stock.

Air Industries Group Stock Performance

AIRI opened at $5.19 on Friday. The company has a quick ratio of 0.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $4.67 and its two-hundred day moving average price is $3.73. The firm has a market capitalization of $17.24 million, a P/E ratio of -7.99 and a beta of 0.60. Air Industries Group has a 12-month low of $2.60 and a 12-month high of $6.50.

Air Industries Group (NYSE:AIRI) last posted its quarterly earnings results on Monday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Air Industries Group had a negative net margin of 4.14% and a negative return on equity of 13.48%. The company had revenue of $13.47 million for the quarter, compared to analyst estimates of $12.40 million. On average, equities analysts forecast that Air Industries Group will post -0.57 earnings per share for the current year.

Institutional Trading of Air Industries Group

A hedge fund recently raised its stake in Air Industries Group stock. Virtu Financial LLC raised its stake in shares of Air Industries Group (NYSE:AIRI) by 71.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,173 shares of the company’s stock after acquiring an additional 34,210 shares during the quarter. Virtu Financial LLC owned approximately 0.25% of Air Industries Group worth $58,000 as of its most recent filing with the SEC. Institutional investors own 42.68% of the company’s stock.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.