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

StockNews.com initiated coverage on shares of Air Industries Group (NYSE:AIRI) in a research note released on Monday morning. The firm issued a hold rating on the stock.

Air Industries Group Price Performance

AIRI stock opened at $7.05 on Monday. Air Industries Group has a 1 year low of $2.60 and a 1 year high of $7.60. The stock has a market capitalization of $23.41 million, a PE ratio of -10.85 and a beta of 0.43. The company’s 50-day moving average is $4.99 and its 200-day moving average is $3.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 0.33.

Air Industries Group (NYSE:AIRI) last announced its quarterly earnings results on Monday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $13.47 million for the quarter, compared to analyst estimates of $12.40 million. Air Industries Group had a negative return on equity of 13.61% and a negative net margin of 4.14%. Equities research analysts expect that Air Industries Group will post -0.29 EPS for the current fiscal year.

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.