Air Industries Group (NYSE:AIRI) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Air Industries Group (NYSE:AIRI) from a buy rating to a hold rating in a report published on Tuesday morning.

Air Industries Group Stock Down 3.3 %

Shares of AIRI stock opened at $4.63 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. Air Industries Group has a 1 year low of $2.89 and a 1 year high of $9.44. The firm’s fifty day moving average price is $5.88 and its two-hundred day moving average price is $4.89. The firm has a market capitalization of $15.45 million, a P/E ratio of -25.72 and a beta of 0.32.

Air Industries Group (NYSE:AIRI) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.30. Air Industries Group had a negative net margin of 2.86% and a negative return on equity of 10.24%. The firm had revenue of $13.57 million for the quarter, compared to analyst estimates of $12.00 million. On average, equities analysts predict that Air Industries Group will post -0.05 EPS for the current fiscal year.

About Air Industries Group

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.