Air Industries Group (NYSE:AIRI) Stock Rating Lowered by StockNews.com

Air Industries Group (NYSE:AIRI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Air Industries Group Trading Down 0.7 %

AIRI stock traded down $0.04 during trading on Tuesday, hitting $5.97. The company had a trading volume of 58,072 shares, compared to its average volume of 377,489. The business has a 50-day moving average of $5.93 and a 200-day moving average of $4.88. Air Industries Group has a one year low of $2.89 and a one year high of $9.44. The stock has a market cap of $19.94 million, a PE ratio of -12.98 and a beta of 0.32. 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 (NYSE:AIRI) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.30. The firm had revenue of $13.57 million for the quarter, compared to analysts’ expectations of $12.00 million. Air Industries Group had a negative return on equity of 10.24% and a negative net margin of 2.86%. Research analysts predict that Air Industries Group will post -0.05 earnings per share for the current fiscal 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.