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

StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRI) in a research note released on Friday morning. The firm issued a hold rating on the stock.

Air Industries Group Trading Up 8.1 %

Shares of NYSE:AIRI opened at $5.19 on Friday. Air Industries Group has a 12-month low of $2.60 and a 12-month high of $5.31. The business’s fifty day simple moving average is $4.58 and its 200-day simple moving average is $3.67. The company has a market capitalization of $17.13 million, a PE ratio of -7.98 and a beta of 0.60. The company has a current ratio of 1.48, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49.

Air Industries Group (NYSE:AIRI) last announced its quarterly earnings results on Monday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Air Industries Group had a negative return on equity of 13.48% and a negative net margin of 4.14%. The business had revenue of $13.47 million for the quarter, compared to the consensus estimate of $12.40 million. As a group, equities research analysts predict that Air Industries Group will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Air Industries Group stock. Susquehanna International Group LLP bought a new position in shares of Air Industries Group (NYSE:AIRI) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 10,614 shares of the company’s stock, valued at approximately $40,000. Susquehanna International Group LLP owned about 0.33% of Air Industries Group at the end of the most recent reporting period. Institutional investors own 42.68% of the company’s stock.

About Air Industries Group

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.