Air Industries Group (NYSE:AIRI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Air Industries Group (NYSE:AIRI) in a report published on Tuesday morning. The firm issued a hold rating on the stock.

Air Industries Group Price Performance

Shares of NYSE AIRI opened at $6.12 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.46 and a quick ratio of 0.33. The business has a 50-day moving average of $4.21 and a 200-day moving average of $4.52. The stock has a market capitalization of $20.35 million, a price-to-earnings ratio of -9.13 and a beta of 0.31. 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 posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.30. Air Industries Group had a negative return on equity of 10.24% and a negative net margin of 2.86%. The firm had revenue of $13.57 million during the quarter, compared to the consensus estimate of $12.00 million. As a group, sell-side analysts predict that Air Industries Group will post -0.05 earnings per share 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.