Air Industries Group (NYSE:AIRI) Now Covered by StockNews.com

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

Air Industries Group Price Performance

NYSE:AIRI 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 business’s 50-day moving average price is $4.59 and its 200 day moving average price is $4.59. Air Industries Group has a 52-week low of $2.60 and a 52-week high of $9.44. The firm has a market cap of $19.45 million, a P/E ratio of -8.73 and a beta of 0.32.

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

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.