Air Industries Group (NYSE:AIRI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRIFree Report) in a research report sent to investors on Monday. The firm issued a hold rating on the stock.

Air Industries Group Price Performance

Shares of AIRI stock opened at $3.47 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.26. The company has a market cap of $11.44 million, a P/E ratio of -3.50 and a beta of 0.72. The stock’s 50-day moving average is $3.10 and its 200 day moving average is $3.10. Air Industries Group has a 1-year low of $2.60 and a 1-year high of $5.64.

Air Industries Group (NYSE:AIRIGet Free Report) last announced its earnings results on Wednesday, December 6th. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). Air Industries Group had a negative net margin of 6.18% and a negative return on equity of 19.98%. The company had revenue of $12.29 million during the quarter, compared to the consensus estimate of $12.25 million. Research analysts predict that Air Industries Group will post -1.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Air Industries Group

An institutional investor recently bought a new position in Air Industries Group stock. Susquehanna International Group LLP acquired a new stake in Air Industries Group (NYSE:AIRIFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,614 shares of the company’s stock, valued at approximately $40,000. Susquehanna International Group LLP owned 0.33% of Air Industries Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 9.47% of the company’s stock.

About Air Industries Group

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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.

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