Air Industries Group (NYSEAMERICAN:AIRI) Trading 0.7% Higher – What’s Next?

Air Industries Group (NYSEAMERICAN:AIRI) traded up 0.7% during trading on Monday . The stock traded as high as $3.04 and last traded at $3.03. 7,779 shares changed hands during trading, a decline of 82% from the average session volume of 44,145 shares. The stock had previously closed at $3.01.

Air Industries Group Stock Performance

The firm’s 50-day simple moving average is $3.08 and its 200 day simple moving average is $3.15. 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 (NYSEAMERICAN:AIRI) last issued its earnings results on Friday, March 27th. The company reported $0.05 EPS for the quarter. The company had revenue of $12.81 million for the quarter. Air Industries Group had a negative net margin of 2.82% and a negative return on equity of 7.38%.

Institutional Investors Weigh In On Air Industries Group

Several institutional investors have recently made changes to their positions in AIRI. Ground Swell Capital LLC acquired a new position in Air Industries Group in the 3rd quarter valued at about $42,000. Citadel Advisors LLC acquired a new position in Air Industries Group in the 3rd quarter valued at about $77,000. Virtu Financial LLC acquired a new position in Air Industries Group in the 4th quarter valued at about $83,000. Finally, Dimensional Fund Advisors LP raised its stake in Air Industries Group by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after purchasing an additional 4,051 shares during the last quarter. 42.68% of the stock is currently owned by hedge funds and other institutional investors.

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.