Air Industries Group (NYSE:AIRI) Trading Down 4.3% – Should You Sell?

Shares of Air Industries Group (NYSE:AIRI) traded down 4.3% during trading on Thursday . The company traded as low as $5.90 and last traded at $5.94. 57,700 shares traded hands during trading, a decline of 16% from the average session volume of 68,475 shares. The stock had previously closed at $6.21.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Air Industries Group in a research note on Thursday, September 26th. They set a “buy” rating for the company.

Air Industries Group Stock Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 1.46. The stock has a market cap of $19.41 million, a P/E ratio of -12.63 and a beta of 0.32. The company’s 50 day moving average price is $5.92 and its 200-day moving average price is $4.88.

Air Industries Group (NYSE:AIRI) last posted its earnings results on Wednesday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $12.00 million. Equities analysts forecast that Air Industries Group will post -0.05 EPS 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.