Air Industries Group (NYSE:AIRI) Earns Hold Rating from Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRI – Free Report) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.

Air Industries Group Price Performance

Air Industries Group stock opened at $5.63 on Wednesday. Air Industries Group has a one year low of $2.60 and a one year high of $9.44. 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 business has a fifty day moving average of $4.68 and a two-hundred day moving average of $4.61. The company has a market cap of $18.72 million, a P/E ratio of -8.40 and a beta of 0.32.

Air Industries Group (NYSE:AIRI – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.09 earnings per share (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 return on equity of 10.24% and a negative net margin of 2.86%. As a group, analysts predict that Air Industries Group will post -0.05 earnings per share for the current fiscal year.

About Air Industries Group

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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.

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