Air Industries Group (NYSEAMERICAN:AIRI) Announces Earnings Results

Air Industries Group (NYSEAMERICAN:AIRI) issued its quarterly earnings data on Wednesday. The company reported ($0.18) earnings per share (EPS) for the quarter, FiscalAI reports. Air Industries Group had a negative return on equity of 7.38% and a negative net margin of 2.82%.The company had revenue of $11.99 million for the quarter.

Air Industries Group Trading Down 1.2%

Shares of AIRI stock traded down $0.03 during trading hours on Thursday, hitting $2.57. 12,688 shares of the company were exchanged, compared to its average volume of 66,127. The company has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $3.07. The firm has a market cap of $12.46 million, a P/E ratio of -9.18 and a beta of 0.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 1.25. Air Industries Group has a fifty-two week low of $2.53 and a fifty-two week high of $3.95.

Hedge Funds Weigh In On Air Industries Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in Air Industries Group in the 3rd quarter valued at about $77,000. Virtu Financial LLC bought a new stake in shares of Air Industries Group during the fourth quarter valued at approximately $83,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Air Industries Group by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock worth $104,000 after purchasing an additional 4,051 shares during the period. Institutional investors own 42.68% of the company’s stock.

About Air Industries Group

Air Industries Group, Inc (NYSE American: AIRI) is a precision engineering company headquartered in Ronkonkoma, New York. The firm specializes in the design, development and manufacture of air and gas handling solutions for high-performance applications. Its core offerings include turbomachinery components such as blowers, fans, compressors and turbines, as well as heat exchangers and related assemblies. Air Industries Group serves as an original equipment manufacturer (OEM) and a trusted supplier to a range of industries, with a particular focus on defense and aerospace.

The company’s product portfolio addresses the demanding requirements of military and commercial aerospace platforms, providing mission-critical airflow and thermal management systems.