Air Industries Group (NYSE:AIRI) Now Covered by StockNews.com

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

Air Industries Group Price Performance

AIRI stock opened at $5.19 on Friday. The company has a market capitalization of $17.13 million, a P/E ratio of -7.98 and a beta of 0.60. The company has a fifty day moving average price of $4.58 and a 200-day moving average price of $3.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 1.48. Air Industries Group has a 52-week low of $2.60 and a 52-week high of $5.31.

Air Industries Group (NYSE:AIRI) last announced its 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 during the quarter, compared to analyst estimates of $12.40 million. Air Industries Group had a negative return on equity of 13.48% and a negative net margin of 4.14%. As a group, equities analysts expect that Air Industries Group will post -0.57 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Air Industries Group stock. Virtu Financial LLC increased its holdings in shares of Air Industries Group (NYSE:AIRI) by 71.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,173 shares of the company’s stock after purchasing an additional 34,210 shares during the period. Virtu Financial LLC owned approximately 0.25% of Air Industries Group worth $58,000 at the end of the most recent quarter. 42.68% of the stock is currently owned by hedge funds and other institutional investors.

Air Industries Group Company Profile

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.