Air Industries Group (NYSE:AIRI) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Air Industries Group (NYSE:AIRIGet Free Report) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Air Industries Group Stock Performance

Shares of NYSE AIRI opened at $3.01 on Monday. The business’s 50-day simple moving average is $3.01 and its 200-day simple moving average is $3.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.39 and a current ratio of 1.72. Air Industries Group has a 52 week low of $2.60 and a 52 week high of $7.28. The firm has a market cap of $9.90 million, a price-to-earnings ratio of -4.78 and a beta of 0.86.

Air Industries Group (NYSE:AIRIGet Free Report) last posted its quarterly earnings data on Friday, August 18th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.15). Air Industries Group had a negative return on equity of 12.27% and a negative net margin of 3.88%. The business had revenue of $13.21 million for the quarter, compared to analyst estimates of $14.50 million. As a group, equities research analysts expect that Air Industries Group will post -0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Air Industries Group

A hedge fund recently raised its stake in Air Industries Group stock. Virtu Financial LLC raised its stake in shares of Air Industries Group (NYSE:AIRIFree Report) by 71.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,173 shares of the company’s stock after acquiring an additional 34,210 shares during the quarter. Virtu Financial LLC owned approximately 0.25% of Air Industries Group worth $58,000 as of its most recent filing with the SEC. 9.47% of the stock is currently owned by institutional investors and hedge funds.

Air Industries Group Company Profile

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Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense in the United States. The company operates through two segments, Complex Machining and Turbine and Engine Component.

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