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

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

Air Industries Group Price Performance

Shares of AIRI stock opened at $3.50 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 0.30. The company’s 50-day simple moving average is $3.57 and its two-hundred day simple moving average is $4.67. The company has a market capitalization of $11.76 million, a P/E ratio of -19.44 and a beta of 0.18. Air Industries Group has a one year low of $3.00 and a one year high of $9.44.

Hedge Funds Weigh In On Air Industries Group

A number of institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of Air Industries Group in the fourth quarter valued at approximately $58,000. Virtu Financial LLC acquired a new position in shares of Air Industries Group in the 3rd quarter worth approximately $60,000. Empowered Funds LLC acquired a new position in Air Industries Group during the 4th quarter worth about $70,000. Two Sigma Investments LP acquired a new position in shares of Air Industries Group in the fourth quarter valued at approximately $74,000. Finally, Bridgeway Capital Management LLC acquired a new position in Air Industries Group during the 4th quarter worth approximately $86,000. Hedge funds and other institutional investors own 42.68% of the company’s stock.

Air Industries Group Company Profile

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.