StockNews.com Initiates Coverage on Air Industries Group (NYSE:AIRI)

Stock analysts at StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRI) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

Air Industries Group Trading Down 8.3 %

Shares of Air Industries Group stock opened at $4.07 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. The firm has a market cap of $13.51 million, a price-to-earnings ratio of -6.07 and a beta of 0.43. Air Industries Group has a twelve month low of $2.60 and a twelve month high of $7.77. The business has a 50-day moving average price of $5.44 and a 200-day moving average price of $4.23.

Air Industries Group (NYSE:AIRI) last released its earnings results on Monday, April 1st. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $13.47 million for the quarter, compared to the consensus estimate of $12.40 million. Air Industries Group had a negative return on equity of 14.59% and a negative net margin of 4.18%. Equities research analysts anticipate that Air Industries Group will post -0.29 EPS for the current fiscal year.

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.