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

Analysts at StockNews.com assumed coverage on shares of Air Industries Group (NYSE:AIRI) in a report issued on Sunday. The brokerage set a “hold” rating on the stock.

Air Industries Group Price Performance

Air Industries Group stock opened at $6.15 on Friday. Air Industries Group has a 52 week low of $2.60 and a 52 week high of $6.50. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $4.76 and its 200 day simple moving average is $3.81. The firm has a market capitalization of $20.42 million, a PE ratio of -9.46 and a beta of 0.60.

Air Industries Group (NYSE:AIRI) last posted its quarterly earnings data on Monday, April 1st. The company reported $0.06 EPS for the quarter. Air Industries Group had a negative net margin of 4.14% and a negative return on equity of 13.61%. The company had revenue of $13.47 million during the quarter, compared to the consensus estimate of $12.40 million. On average, equities research analysts predict that Air Industries Group will post -0.29 EPS for the current fiscal year.

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.