Air Industries Group (NYSE:AIRI) Shares Up 0.3%

Air Industries Group (NYSE:AIRI) rose 0.3% during trading on Thursday . The company traded as high as $3.19 and last traded at $3.12. Approximately 19,233 shares traded hands during trading, a decline of 42% from the average daily volume of 33,166 shares. The stock had previously closed at $3.11.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Air Industries Group in a research note on Thursday, May 30th. They issued a “hold” rating for the company.

Air Industries Group Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 0.33. The stock has a 50 day simple moving average of $4.95 and a 200-day simple moving average of $4.31. The firm has a market cap of $10.36 million, a PE ratio of -4.66 and a beta of 0.26.

Air Industries Group (NYSE:AIRI) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). Air Industries Group had a negative net margin of 4.18% and a negative return on equity of 14.59%. The firm had revenue of $14.06 million for the quarter, compared to analysts’ expectations of $12.50 million. Sell-side analysts predict that Air Industries Group will post -0.65 EPS for the current fiscal 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.