Air Industries Group (NYSEAMERICAN:AIRI) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

Air Industries Group Stock Down 0.3 %

Shares of AIRI opened at $3.15 on Monday. The stock has a 50 day moving average price of $3.81 and a 200 day moving average price of $4.81. The stock has a market capitalization of $10.58 million, a price-to-earnings ratio of -17.50 and a beta of 0.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 1.44. Air Industries Group has a one year low of $3.00 and a one year high of $9.44.

Hedge Funds Weigh In On Air Industries Group

Several large investors have recently bought and sold shares of AIRI. Geode Capital Management LLC boosted its holdings in shares of Air Industries Group by 26.6% in the fourth quarter. Geode Capital Management LLC now owns 25,367 shares of the company’s stock valued at $103,000 after acquiring an additional 5,329 shares during the period. Virtu Financial LLC grew its position in Air Industries Group by 55.8% during the 4th quarter. Virtu Financial LLC now owns 16,699 shares of the company’s stock worth $68,000 after purchasing an additional 5,982 shares during the last quarter. Citadel Advisors LLC acquired a new position in Air Industries Group in the fourth quarter valued at $58,000. Empowered Funds LLC purchased a new stake in shares of Air Industries Group in the fourth quarter valued at about $70,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Air Industries Group during the fourth quarter worth about $74,000. Hedge funds and other institutional investors 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.