Air Industries Group (NYSEAMERICAN:AIRI) Trading 1.9% Higher – Still a Buy?

Shares of Air Industries Group (NYSEAMERICAN:AIRI) rose 1.9% on Thursday . The company traded as high as $2.78 and last traded at $2.67. 26,351 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 48,334 shares. The stock had previously closed at $2.62.

Air Industries Group Stock Up 1.9%

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 firm has a 50 day moving average price of $2.94 and a 200-day moving average price of $3.13. The firm has a market cap of $12.95 million, a price-to-earnings ratio of -9.54 and a beta of 0.06.

Air Industries Group (NYSEAMERICAN:AIRI) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.05 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 firm had revenue of $12.81 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AIRI. Virtu Financial LLC purchased a new position in shares of Air Industries Group during the 4th quarter worth approximately $83,000. Citadel Advisors LLC purchased a new stake in Air Industries Group in the 3rd quarter valued at approximately $77,000. Finally, Dimensional Fund Advisors LP grew its holdings in Air Industries Group by 14.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after buying an additional 4,051 shares during the last quarter. 42.68% of the stock is owned by hedge funds and other institutional investors.

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.