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

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

Air Industries Group Stock Down 3.5 %

AIRI stock opened at $5.85 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $4.59 and its 200 day simple moving average is $4.59. The stock has a market cap of $19.45 million, a PE ratio of -8.73 and a beta of 0.32. Air Industries Group has a fifty-two week low of $2.60 and a fifty-two week high of $9.44.

Air Industries Group (NYSE:AIRI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.30. The company had revenue of $13.57 million for the quarter, compared to analyst estimates of $12.00 million. Air Industries Group had a negative net margin of 2.86% and a negative return on equity of 10.24%. As a group, sell-side analysts predict that Air Industries Group will post -0.05 EPS for the current 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.