StockNews.com Begins Coverage on Air Industries Group (NYSEAMERICAN:AIRI)

StockNews.com began coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Air Industries Group Price Performance

AIRI opened at $3.55 on Wednesday. Air Industries Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.44. The company has a quick ratio of 0.30, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $3.59 and its 200 day moving average price is $4.67. The firm has a market cap of $11.93 million, a price-to-earnings ratio of -19.72 and a beta of 0.18.

Institutional Investors Weigh In On Air Industries Group

A number of institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new stake in Air Industries Group in the fourth quarter valued at approximately $74,000. Bridgeway Capital Management LLC bought a new stake in Air Industries Group in the fourth quarter worth $86,000. Citadel Advisors LLC bought a new position in Air Industries Group during the fourth quarter valued at about $58,000. Dimensional Fund Advisors LP acquired a new stake in shares of Air Industries Group in the fourth quarter worth about $190,000. Finally, Geode Capital Management LLC lifted its position in shares of Air Industries Group by 26.6% in the fourth quarter. Geode Capital Management LLC now owns 25,367 shares of the company’s stock worth $103,000 after buying an additional 5,329 shares during the last quarter. Institutional investors and hedge funds own 42.68% of the company’s stock.

Air Industries Group Company Profile

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.