Air Industries Group (NYSEAMERICAN:AIRI) Share Price Breaks Above 50 Day Moving Average – Should You Sell?

Shares of Air Industries Group (NYSEAMERICAN:AIRI) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.60 and traded as high as $2.97. Air Industries Group shares last traded at $2.66, with a volume of 105,873 shares.

Air Industries Group Stock Performance

The company has a market capitalization of $12.90 million, a price-to-earnings ratio of -7.60 and a beta of 0.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.24 and a quick ratio of 0.31. The stock has a 50 day moving average price of $2.60 and a two-hundred day moving average price of $2.93.

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

Hedge Funds Weigh In On Air Industries Group

A hedge fund recently raised its position in Air Industries Group stock. Dimensional Fund Advisors LP increased its stake in Air Industries Group (NYSEAMERICAN:AIRI) by 14.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,053 shares of the company’s stock after purchasing an additional 4,051 shares during the period. Dimensional Fund Advisors LP owned 0.67% of Air Industries Group worth $104,000 as of its most recent SEC filing. 42.68% of the stock is currently owned by hedge funds and other institutional investors.

About Air Industries Group

Air Industries Group is an aerospace and defense manufacturing company that produces precision components, assemblies and subassemblies for military and commercial aircraft. Its products are used in airframe, engine and flight-control applications and are supplied primarily to aerospace and defense contractors and original equipment manufacturers.

The company’s capabilities include machining, fabrication, welding, assembly and the production of specialized structural and mechanical components.