Air Industries Group (NYSE:AIRI) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Air Industries Group (NYSE:AIRI) in a report issued on Monday. The firm set a “hold” rating on the stock.

Air Industries Group Stock Up 4.6 %

AIRI opened at $7.54 on Monday. Air Industries Group has a one year low of $2.60 and a one year high of $7.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.33 and a current ratio of 1.46. The stock has a market capitalization of $25.03 million, a P/E ratio of -11.60 and a beta of 0.43. The business’s 50-day simple moving average is $5.04 and its 200-day simple moving average is $4.01.

Air Industries Group (NYSE:AIRI) last released its quarterly earnings results on Monday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Air Industries Group had a negative return on equity of 13.61% and a negative net margin of 4.14%. The firm had revenue of $13.47 million for the quarter, compared to the consensus estimate of $12.40 million. Analysts anticipate that Air Industries Group will post -0.29 EPS 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.