Air Industries Group (NYSE:AIRI) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Air Industries Group (NYSE:AIRI) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Air Industries Group Stock Performance

Shares of AIRI stock opened at $4.63 on Tuesday. The company has a market capitalization of $15.45 million, a price-to-earnings ratio of -25.72 and a beta of 0.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 1.46. The company has a 50-day simple moving average of $5.88 and a 200 day simple moving average of $4.89. Air Industries Group has a 52 week low of $2.89 and a 52 week high of $9.44.

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