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

StockNews.com assumed coverage on shares of Air Industries Group (NYSE:AIRIFree Report) in a research report released on Tuesday. The brokerage issued a hold rating on the stock.

Air Industries Group Stock Performance

NYSE AIRI opened at $4.31 on Tuesday. Air Industries Group has a 1-year low of $2.60 and a 1-year high of $5.47. The company has a market capitalization of $14.22 million, a P/E ratio of -4.33 and a beta of 0.72. The business has a 50 day moving average price of $3.20 and a 200 day moving average price of $3.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.26.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Air Industries Group stock. Virtu Financial LLC boosted its position in Air Industries Group (NYSE:AIRIFree Report) by 71.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,173 shares of the company’s stock after buying an additional 34,210 shares during the quarter. Virtu Financial LLC owned approximately 0.25% of Air Industries Group worth $58,000 at the end of the most recent quarter. 9.47% of the stock is owned by institutional investors and hedge funds.

Air Industries Group Company Profile

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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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