Air Industries Group (NYSEAMERICAN:AIRI) Shares Down 0.3% – Time to Sell?

Air Industries Group (NYSEAMERICAN:AIRI)’s stock price was down 0.3% during trading on Wednesday . The stock traded as low as $3.01 and last traded at $3.01. 31,383 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 37,449 shares. The stock had previously closed at $3.02.

Air Industries Group Stock Performance

The firm has a market cap of $14.60 million, a price-to-earnings ratio of -10.75 and a beta of 0.06. The company has a current ratio of 1.25, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average is $3.03 and its 200 day moving average is $3.16.

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

Hedge Funds Weigh In On Air Industries Group

Several hedge funds and other institutional investors have recently modified their holdings of AIRI. Citadel Advisors LLC acquired a new position in Air Industries Group during the third quarter worth about $77,000. Virtu Financial LLC bought a new position in shares of Air Industries Group in the fourth quarter worth about $83,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 4,051 shares during the last quarter. Institutional investors own 42.68% of the company’s stock.

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.