Air Industries Group (NYSEAMERICAN:AIRI) Shares Up 0.3% – What’s Next?

Shares of Air Industries Group (NYSEAMERICAN:AIRI) were up 0.3% on Friday . The company traded as high as $3.00 and last traded at $2.98. Approximately 7,829 shares changed hands during trading, a decline of 69% from the average daily volume of 24,885 shares. The stock had previously closed at $2.97.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Air Industries Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Air Industries Group has an average rating of “Hold”.

Air Industries Group Stock Up 0.3%

The company’s 50 day moving average price is $3.09 and its 200 day moving average price is $3.25. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $14.24 million, a price-to-earnings ratio of -5.32 and a beta of 0.01.

Air Industries Group (NYSEAMERICAN:AIRI) last released its earnings results on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Air Industries Group had a negative net margin of 4.01% and a negative return on equity of 12.48%. The firm had revenue of $10.31 million during the quarter. As a group, research analysts forecast that Air Industries Group will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Air Industries Group

A hedge fund recently bought a new stake in Air Industries Group stock. Ground Swell Capital LLC purchased a new position in Air Industries Group (NYSEAMERICAN:AIRI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,299 shares of the company’s stock, valued at approximately $42,000. Ground Swell Capital LLC owned 0.28% of Air Industries Group at the end of the most recent quarter. 42.68% of the stock is currently owned by institutional investors and hedge funds.

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.