Research analysts at StockNews.com initiated coverage on shares of Air Industries Group (NYSE:AIRI – Get Free Report) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.
Air Industries Group Price Performance
AIRI stock opened at $6.16 on Tuesday. Air Industries Group has a 12 month low of $2.60 and a 12 month high of $9.44. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $4.27 and a 200 day moving average price of $4.53. The stock has a market cap of $20.48 million, a PE ratio of -9.19 and a beta of 0.31.
Air Industries Group (NYSE:AIRI – Get Free Report) last released its quarterly earnings data 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 company had revenue of $13.57 million during the quarter, compared to analysts’ expectations of $12.00 million. Equities research analysts anticipate that Air Industries Group will post -0.05 earnings per share for the current year.
Air Industries Group Company Profile
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.
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