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

StockNews.com initiated coverage on shares of Air Industries Group (NYSE:AIRI) in a report released on Friday morning. The brokerage issued a hold rating on the stock.

Air Industries Group Stock Performance

Shares of AIRI opened at $3.58 on Friday. The firm’s 50 day moving average is $3.44 and its 200-day moving average is $4.37. The stock has a market capitalization of $11.90 million, a P/E ratio of -5.34 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 0.33. Air Industries Group has a 12-month low of $2.60 and a 12-month high of $7.77.

Air Industries Group (NYSE:AIRI) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The business had revenue of $14.06 million during the quarter, compared to analyst estimates of $12.50 million. Air Industries Group had a negative return on equity of 14.59% and a negative net margin of 4.18%. Equities research analysts anticipate that Air Industries Group will post -0.65 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.