Air Industries Group (NYSEAMERICAN:AIRI) Announces Earnings Results

Air Industries Group (NYSEAMERICAN:AIRI) released its earnings results on Monday. The company reported $0.31 EPS for the quarter, Zacks reports. The company had revenue of $14.55 million during the quarter. Air Industries Group had a negative return on equity of 9.36% and a negative net margin of 3.77%.

Air Industries Group Stock Performance

Air Industries Group stock opened at $2.82 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.31 and a debt-to-equity ratio of 0.08. Air Industries Group has a 12-month low of $2.30 and a 12-month high of $3.95. The business’s 50-day simple moving average is $2.60 and its 200 day simple moving average is $2.92.

Institutional Investors Weigh In On Air Industries Group

A hedge fund recently bought a new stake in Air Industries Group stock. Susquehanna International Group LLP acquired a new stake in Air Industries Group (NYSEAMERICAN:AIRI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,121 shares of the company’s stock, valued at approximately $49,000. Susquehanna International Group LLP owned 0.33% of Air Industries Group at the end of the most recent reporting period. 42.68% of the stock is currently owned by institutional investors.

Air Industries Group Company Profile

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.