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

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

Air Industries Group Stock Performance

AIRI opened at $3.62 on Thursday. The company has a market cap of $12.16 million, a P/E ratio of -20.11 and a beta of 0.18. The company has a quick ratio of 0.30, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average price is $3.65 and its 200-day moving average price is $4.74. Air Industries Group has a 52-week low of $3.00 and a 52-week high of $9.44.

Hedge Funds Weigh In On Air Industries Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC purchased a new position in Air Industries Group during the fourth quarter worth approximately $70,000. Virtu Financial LLC raised its position in Air Industries Group by 55.8% during the fourth quarter. Virtu Financial LLC now owns 16,699 shares of the company’s stock worth $68,000 after acquiring an additional 5,982 shares during the period. Two Sigma Investments LP acquired a new position in Air Industries Group during the fourth quarter worth $74,000. Citadel Advisors LLC purchased a new position in Air Industries Group during the fourth quarter valued at $58,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Air Industries Group during the fourth quarter worth about $190,000. Institutional investors and hedge funds own 42.68% of the company’s stock.

Air Industries Group Company Profile

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.