Air Industries Group (NYSEAMERICAN:AIRI) Stock Price Down 3.2% – Time to Sell?

Air Industries Group (NYSEAMERICAN:AIRI)’s stock price traded down 3.2% during trading on Monday . The stock traded as low as $2.88 and last traded at $2.99. 478,329 shares traded hands during mid-day trading, an increase of 74% from the average session volume of 275,207 shares. The stock had previously closed at $3.09.

Air Industries Group Price Performance

The firm has a market cap of $14.29 million, a PE ratio of -5.34 and a beta of 0.01. The stock has a 50 day simple moving average of $3.05 and a two-hundred day simple moving average of $3.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.30 and a current ratio of 1.22.

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

Hedge Funds Weigh In On Air Industries Group

A hedge fund recently bought a new stake in Air Industries Group stock. Citadel Advisors LLC purchased a new position in shares of Air Industries Group (NYSEAMERICAN:AIRI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,629 shares of the company’s stock, valued at approximately $77,000. Citadel Advisors LLC owned approximately 0.52% of Air Industries Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 42.68% of the company’s stock.

Air Industries Group Company Profile

Air Industries Group, Inc (NYSE American: AIRI) is a precision engineering company headquartered in Ronkonkoma, New York. The firm specializes in the design, development and manufacture of air and gas handling solutions for high-performance applications. Its core offerings include turbomachinery components such as blowers, fans, compressors and turbines, as well as heat exchangers and related assemblies. Air Industries Group serves as an original equipment manufacturer (OEM) and a trusted supplier to a range of industries, with a particular focus on defense and aerospace.

The company’s product portfolio addresses the demanding requirements of military and commercial aerospace platforms, providing mission-critical airflow and thermal management systems.