Air Industries Group (NYSE:AIRI) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Air Industries Group (NYSE:AIRI) in a research note released on Thursday. The firm issued a buy rating on the stock.

Air Industries Group Stock Performance

Shares of AIRI stock opened at $5.53 on Thursday. The stock has a market capitalization of $18.39 million, a PE ratio of -8.25 and a beta of 0.32. Air Industries Group has a 52-week low of $2.60 and a 52-week high of $9.44. The stock’s 50-day moving average price is $4.91 and its 200 day moving average price is $4.68. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.53.

Air Industries Group (NYSE:AIRI) last released its 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. Air Industries Group had a negative return on equity of 10.24% and a negative net margin of 2.86%. The company had revenue of $13.57 million for the quarter, compared to analysts’ expectations of $12.00 million. As a group, equities research analysts forecast that Air Industries Group will post -0.05 EPS for the current year.

About Air Industries Group

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.