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

Investment analysts at StockNews.com initiated coverage on shares of Air Industries Group (NYSE:AIRI) in a report issued on Saturday. The firm set a “hold” rating on the stock.

Air Industries Group Stock Performance

Shares of Air Industries Group stock opened at $5.19 on Friday. Air Industries Group has a 1 year low of $2.60 and a 1 year high of $6.50. The company’s fifty day simple moving average is $4.67 and its 200-day simple moving average is $3.72. The company has a market cap of $17.24 million, a price-to-earnings ratio of -7.99 and a beta of 0.60. The company has a current ratio of 1.48, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49.

Air Industries Group (NYSE:AIRI) last issued its quarterly earnings results on Monday, April 1st. The company reported $0.06 earnings per share for the quarter. Air Industries Group had a negative net margin of 4.14% and a negative return on equity of 13.48%. The firm had revenue of $13.47 million during the quarter, compared to the consensus estimate of $12.40 million. As a group, sell-side analysts expect that Air Industries Group will post -0.57 EPS for the current year.

Institutional Trading of Air Industries Group

A hedge fund recently raised its stake in Air Industries Group stock. Virtu Financial LLC grew its holdings in Air Industries Group (NYSE:AIRI) by 71.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,173 shares of the company’s stock after buying an additional 34,210 shares during the quarter. Virtu Financial LLC owned approximately 0.25% of Air Industries Group worth $58,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 42.68% of the company’s stock.

About Air Industries Group

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.