Air Industries Group (NYSE:AIRI) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRIGet Free Report) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Air Industries Group Stock Down 8.5 %

Shares of NYSE:AIRI opened at $3.79 on Thursday. The business has a 50-day moving average price of $5.40 and a 200 day moving average price of $4.27. Air Industries Group has a 12-month low of $2.60 and a 12-month high of $7.77. The company has a current ratio of 1.43, a quick ratio of 0.33 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $12.58 million, a price-to-earnings ratio of -5.66 and a beta of 0.43.

Air Industries Group (NYSE:AIRIGet Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). Air Industries Group had a negative net margin of 4.18% and a negative return on equity of 14.59%. The company had revenue of $14.06 million during the quarter, compared to analysts’ expectations of $12.50 million. Sell-side analysts expect that Air Industries Group will post -0.29 EPS for the current year.

Air Industries Group Company Profile

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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.

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