Air Industries Group (NYSE:AIRI) Now Covered by

Analysts at assumed coverage on shares of Air Industries Group (NYSE:AIRIGet Free Report) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Air Industries Group Stock Performance

Air Industries Group stock opened at $2.96 on Friday. The stock has a market capitalization of $9.74 million, a price-to-earnings ratio of -4.70 and a beta of 0.92. Air Industries Group has a 12-month low of $2.67 and a 12-month high of $7.28. The company has a quick ratio of 0.39, a current ratio of 1.72 and a debt-to-equity ratio of 0.71. The stock has a 50-day simple moving average of $3.19 and a 200 day simple moving average of $3.62.

Air Industries Group (NYSE:AIRIGet Free Report) last issued its quarterly earnings data on Friday, August 18th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.15). Air Industries Group had a negative net margin of 3.88% and a negative return on equity of 12.27%. The business had revenue of $13.21 million during the quarter, compared to analyst estimates of $14.50 million. On average, research analysts anticipate that Air Industries Group will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Air Industries Group

A hedge fund recently raised its stake in Air Industries Group stock. Virtu Financial LLC lifted its position in shares of Air Industries Group (NYSE:AIRIFree Report) by 55.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,963 shares of the company’s stock after purchasing an additional 17,202 shares during the quarter. Virtu Financial LLC owned 0.15% of Air Industries Group worth $40,000 at the end of the most recent reporting period. Institutional investors own 9.47% of the company’s stock.

Air Industries Group Company Profile

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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.

Further Reading

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