Air Industries Group (NYSEAMERICAN:AIRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Air Industries Group Inc. is engaged in designing and manufactureing flight critical products including flight safety parts, landing gear and components, arresting gear, flight controls, sheet metal fabrications and ground support equipment. The company also offers sheet metal fabrication of aerostructures, tube bending, welding and sub-contract machining services. It serves Prime Defense and Commercial aerospace manufacturers, through its subsidiaries. Air Industries Group Inc. is headquartered in Bay Shore, New York. “

AIRI has been the subject of a number of other reports. Roth Capital assumed coverage on Air Industries Group in a report on Thursday, August 31st. They set a “buy” rating and a $1.75 price objective for the company. ValuEngine raised Air Industries Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th.

Shares of Air Industries Group (NYSEAMERICAN:AIRI) traded up $0.01 during trading on Friday, reaching $1.66. The company had a trading volume of 49,100 shares, compared to its average volume of 82,923. Air Industries Group has a twelve month low of $1.15 and a twelve month high of $4.60. The company has a market cap of $39.13, a price-to-earnings ratio of -0.81 and a beta of 0.38.

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Air Industries Group Company Profile

Air Industries Group is an aerospace and defense company. The Company manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines and other components. The Company operates in three segments: Complex Machining, Aerostructures and Electronics and Turbine Engine Components.

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