Air Industries Group (NYSEAMERICAN:AIRI) Trading Up 1.9% – Here’s What Happened

Air Industries Group (NYSEAMERICAN:AIRI)’s share price shot up 1.9% on Thursday . The company traded as high as $2.78 and last traded at $2.67. Approximately 26,351 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 48,334 shares. The stock had previously closed at $2.62.

Air Industries Group Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.33. The company has a 50-day simple moving average of $2.94 and a 200-day simple moving average of $3.13. The stock has a market cap of $12.95 million, a PE ratio of -9.54 and a beta of 0.06.

Air Industries Group (NYSEAMERICAN:AIRI) last issued its earnings results on Friday, March 27th. The company reported $0.05 EPS for the quarter. The company had revenue of $12.81 million for the quarter. Air Industries Group had a negative net margin of 2.82% and a negative return on equity of 7.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in shares of Air Industries Group during the 3rd quarter worth approximately $77,000. Virtu Financial LLC purchased a new position in Air Industries Group in the 4th quarter valued at approximately $83,000. Finally, Dimensional Fund Advisors LP raised its holdings in Air Industries Group by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock worth $104,000 after purchasing an additional 4,051 shares during the last quarter. 42.68% of the stock is owned by hedge funds and other institutional investors.

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.