Air Industries Group (NYSEMKT:AIRI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Air Industries Group Inc. is engaged in designing and manufactureing flight critical products including flight safety parts, landing gear and components, arresting gear, flight controls, sheet metal fabrications and ground support equipment. The company also offers sheet metal fabrication of aerostructures, tube bending, welding and sub-contract machining services. It serves Prime Defense and Commercial aerospace manufacturers, through its subsidiaries. Air Industries Group Inc. is headquartered in Bay Shore, New York. “

Shares of Air Industries Group (NYSEMKT:AIRI) opened at 4.01 on Wednesday. The firm’s market capitalization is $30.41 million. The company has a 50-day moving average price of $4.57 and a 200 day moving average price of $4.94. Air Industries Group has a 1-year low of $3.85 and a 1-year high of $9.17.

Air Industries Group (NYSEMKT:AIRI) last issued its earnings results on Thursday, August 18th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business earned $19.36 million during the quarter, compared to analysts’ expectations of $19.06 million. On average, equities research analysts predict that Air Industries Group will post ($0.17) EPS for the current year.

About Air Industries Group

Air Industries Group is an aerospace and defense company. The Company manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines and other components. The Company operates in three segments: Complex Machining, Aerostructures and Electronics and Turbine Engine Components.

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