Air Industries Group (NYSE:AIRI) Rating Lowered to Hold at StockNews.com

Air Industries Group (NYSE:AIRI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Air Industries Group Stock Down 2.5 %

NYSE:AIRI opened at $5.82 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 1.46. Air Industries Group has a 52 week low of $2.89 and a 52 week high of $9.44. The stock’s fifty day moving average is $5.92 and its two-hundred day moving average is $4.88.

Air Industries Group (NYSE:AIRI) last posted its earnings results on Wednesday, August 14th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.30. The firm had revenue of $13.57 million for the quarter, compared to analyst estimates of $12.00 million. Air Industries Group had a negative return on equity of 10.24% and a negative net margin of 2.86%. Research analysts predict that Air Industries Group will post -0.05 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.