Air Industries Group (NYSE:AIRI) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRI) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

Air Industries Group Stock Up 2.5 %

AIRI stock opened at $4.17 on Wednesday. The company has a market cap of $13.87 million, a PE ratio of -6.22 and a beta of 0.43. The company has a quick ratio of 0.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. Air Industries Group has a 52 week low of $2.60 and a 52 week high of $7.77. The business has a 50-day simple moving average of $5.44 and a 200 day simple moving average of $4.25.

Air Industries Group (NYSE:AIRI) last issued its earnings results on Monday, April 1st. The company reported $0.06 EPS for the quarter. The company had revenue of $13.47 million during the quarter, compared to analysts’ expectations of $12.40 million. Air Industries Group had a negative net margin of 4.18% and a negative return on equity of 14.59%. Sell-side analysts anticipate that Air Industries Group will post -0.29 EPS for the current fiscal year.

About Air Industries Group

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.