Air Industries Group (NYSE:AIRI) Trading Down 4.3% – Here’s Why

Air Industries Group (NYSE:AIRI)’s stock price was down 4.3% on Thursday . The stock traded as low as $5.90 and last traded at $5.94. Approximately 57,700 shares traded hands during trading, a decline of 16% from the average daily volume of 68,475 shares. The stock had previously closed at $6.21.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Air Industries Group in a research note on Thursday, September 26th. They issued a “buy” rating for the company.

Air Industries Group Stock Down 4.3 %

The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $19.84 million, a P/E ratio of -12.91 and a beta of 0.32. The stock’s 50-day simple moving average is $5.90 and its 200-day simple moving average is $4.86.

Air Industries Group (NYSE:AIRI) last released its earnings results on Wednesday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.30. The company had revenue of $13.57 million during the quarter, compared to analyst estimates of $12.00 million. Air Industries Group had a negative return on equity of 10.24% and a negative net margin of 2.86%. As a group, research 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.