Air Industries Group (NYSEAMERICAN:AIRI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a research report released on Wednesday morning. The firm issued a hold rating on the stock.

Air Industries Group Stock Performance

Shares of NYSEAMERICAN AIRI opened at $3.50 on Wednesday. Air Industries Group has a 12 month low of $3.00 and a 12 month high of $9.44. The company has a 50-day simple moving average of $3.57 and a 200-day simple moving average of $4.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 0.30. The company has a market cap of $11.76 million, a PE ratio of -19.44 and a beta of 0.18.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Air Industries Group in the 4th quarter valued at about $58,000. Virtu Financial LLC acquired a new position in shares of Air Industries Group during the 3rd quarter valued at $60,000. Empowered Funds LLC purchased a new stake in Air Industries Group during the 4th quarter worth $70,000. Two Sigma Investments LP purchased a new stake in Air Industries Group during the 4th quarter worth $74,000. Finally, Bridgeway Capital Management LLC acquired a new stake in Air Industries Group in the 4th quarter valued at $86,000. 42.68% of the stock is owned by hedge funds and other institutional investors.

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.