Air Industries Group (NYSEAMERICAN:AIRI) Stock Price Up 0.7% – Should You Buy?

Air Industries Group (NYSEAMERICAN:AIRI) traded up 0.7% on Monday . The stock traded as high as $3.04 and last traded at $3.03. 7,779 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 44,145 shares. The stock had previously closed at $3.01.

Air Industries Group Price Performance

The company’s fifty day moving average is $3.08 and its two-hundred day moving average is $3.15. The firm has a market capitalization of $14.70 million, a price-to-earnings ratio of -10.82 and a beta of 0.06. The company has a quick ratio of 0.33, a current ratio of 1.25 and a debt-to-equity ratio of 0.08.

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

Institutional Investors Weigh In On Air Industries Group

Several hedge funds have recently bought and sold shares of AIRI. Ground Swell Capital LLC acquired a new stake in Air Industries Group in the third quarter worth $42,000. Citadel Advisors LLC acquired a new stake in Air Industries Group in the third quarter worth $77,000. Virtu Financial LLC acquired a new stake in Air Industries Group in the fourth quarter worth $83,000. Finally, Dimensional Fund Advisors LP raised its holdings in Air Industries Group by 14.5% in 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 period. 42.68% of the stock is currently owned by institutional investors and hedge funds.

About Air Industries Group

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.