Air Industries Group (NYSEAMERICAN:AIRI) Shares Down 1.6% – Should You Sell?

Air Industries Group (NYSEAMERICAN:AIRI)’s share price dropped 1.6% during mid-day trading on Monday . The company traded as low as $2.50 and last traded at $2.50. Approximately 7,791 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 17,403 shares. The stock had previously closed at $2.54.

Air Industries Group Stock Performance

The stock’s 50-day moving average price is $2.82 and its 200-day moving average price is $3.05. The company has a market capitalization of $12.12 million, a price-to-earnings ratio of -7.14 and a beta of 0.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.31 and a current ratio of 1.24.

Air Industries Group (NYSEAMERICAN:AIRI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $11.99 million during the quarter. Air Industries Group had a negative return on equity of 9.36% and a negative net margin of 3.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Air Industries Group by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after acquiring an additional 4,051 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Air Industries Group in the fourth quarter valued at about $83,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Air Industries Group in the third quarter valued at about $77,000. Institutional investors and hedge funds own 42.68% of the company’s stock.

Air Industries Group Company Profile

Air Industries Group, Inc (NYSE American: AIRI) is a precision engineering company headquartered in Ronkonkoma, New York. The firm specializes in the design, development and manufacture of air and gas handling solutions for high-performance applications. Its core offerings include turbomachinery components such as blowers, fans, compressors and turbines, as well as heat exchangers and related assemblies. Air Industries Group serves as an original equipment manufacturer (OEM) and a trusted supplier to a range of industries, with a particular focus on defense and aerospace.

The company’s product portfolio addresses the demanding requirements of military and commercial aerospace platforms, providing mission-critical airflow and thermal management systems.