Air Industries Group (NYSEAMERICAN:AIRI) Shares Set to Reverse Split on Friday, November 20th

Air Industries Group (NYSEAMERICAN:AIRI)’s stock is set to reverse split before the market opens on Friday, November 20th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 19th.

Air Industries Group Stock Down 8.0%

AIRI stock traded down $0.24 during midday trading on Wednesday, hitting $2.76. The company’s stock had a trading volume of 167,569 shares, compared to its average volume of 54,129. The company has a market cap of $13.41 million, a PE ratio of -18.40 and a beta of 0.04. Air Industries Group has a 12 month low of $2.30 and a 12 month high of $3.95. The company has a current ratio of 1.24, a quick ratio of 0.31 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average is $2.61 and its 200-day moving average is $2.92.

Air Industries Group (NYSEAMERICAN:AIRI) last issued its earnings results on Monday, November 9th. The company reported $0.31 EPS for the quarter. Air Industries Group had a negative return on equity of 1.15% and a negative net margin of 1.51%. The business had revenue of $14.55 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Air Industries Group stock. Dimensional Fund Advisors LP increased its stake in Air Industries Group (NYSEAMERICAN:AIRI) by 14.5% during the 1st 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 0.67% of Air Industries Group worth $104,000 at the end of the most recent quarter. 42.68% of the stock is owned by hedge funds and other institutional investors.

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. Its product portfolio has included landing-gear components, flight-control assemblies, engine mounts, arresting-hook components and other highly engineered parts manufactured to meet aerospace and defense industry specifications.