Air Industries Group (NYSEAMERICAN:AIRI – Get Free Report) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.60 and traded as high as $2.97. Air Industries Group shares last traded at $2.66, with a volume of 105,873 shares.
Air Industries Group Price Performance
The firm has a market capitalization of $12.90 million, a price-to-earnings ratio of -7.60 and a beta of 0.04. The company has a quick ratio of 0.31, a current ratio of 1.24 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $2.60 and its two-hundred day moving average is $2.93.
Air Industries Group (NYSEAMERICAN:AIRI – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.18) EPS for the quarter. Air Industries Group had a negative return on equity of 9.36% and a negative net margin of 3.77%. The business had revenue of $11.99 million for the quarter.
Institutional Investors Weigh In On Air Industries Group
An institutional investor recently raised its position in Air Industries Group stock. Dimensional Fund Advisors LP boosted its stake in Air Industries Group (NYSEAMERICAN:AIRI – Free Report) by 14.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,053 shares of the company’s stock after purchasing an additional 4,051 shares during the quarter. Dimensional Fund Advisors LP owned about 0.67% of Air Industries Group worth $104,000 as of its most recent SEC filing. 42.68% of the stock is owned by institutional investors and hedge funds.
About Air Industries Group
Air Industries Group is an aerospace and defense manufacturing company that produces precision components, assemblies and subassemblies for military and commercial aircraft. Its products are used in airframe, engine and flight-control applications and are supplied primarily to aerospace and defense contractors and original equipment manufacturers.
The company’s capabilities include machining, fabrication, welding, assembly and the production of specialized structural and mechanical components.
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