Air Industries Group Shares Set to Reverse Split on Friday, November 20th (NYSEAMERICAN:AIRI)

Shares of Air Industries Group (NYSEAMERICAN:AIRI) are scheduled to reverse split on Friday, November 20th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 19th.

Air Industries Group Stock Down 8.0%

Shares of NYSEAMERICAN AIRI traded down $0.24 during trading on Wednesday, reaching $2.76. The company had a trading volume of 167,569 shares, compared to its average volume of 54,129. Air Industries Group has a 12-month low of $2.30 and a 12-month high of $3.95. The stock has a market cap of $13.41 million, a PE ratio of -18.40 and a beta of 0.04. The business’s 50-day moving average is $2.61 and its 200 day moving average is $2.92. The company has a quick ratio of 0.31, a current ratio of 1.24 and a debt-to-equity ratio of 0.08.

Air Industries Group (NYSEAMERICAN:AIRI) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.31 earnings per share for the quarter. The firm had revenue of $14.55 million during the quarter. Air Industries Group had a negative return on equity of 1.15% and a negative net margin of 1.51%.

Institutional Trading of Air Industries Group

An institutional investor recently raised its position in Air Industries Group stock. Dimensional Fund Advisors LP lifted its position in Air Industries Group (NYSEAMERICAN:AIRI) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,053 shares of the company’s stock after buying an additional 4,051 shares during the period. Dimensional Fund Advisors LP owned about 0.67% of Air Industries Group worth $104,000 as of its most recent SEC filing. 42.68% of the stock is owned by 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. Its product portfolio has included landing-gear components, flight-control assemblies, engine mounts, arresting-hook components and other highly engineered parts manufactured to meet aerospace and defense industry specifications.