Air Industries Group (NYSEMKT:AIRI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Air Industries Group Inc. is engaged in designing and manufactureing flight critical products including flight safety parts, landing gear and components, arresting gear, flight controls, sheet metal fabrications and ground support equipment. The company also offers sheet metal fabrication of aerostructures, tube bending, welding and sub-contract machining services. It serves Prime Defense and Commercial aerospace manufacturers, through its subsidiaries. Air Industries Group Inc. is headquartered in Bay Shore, New York. “

Shares of Air Industries Group (NYSEMKT:AIRI) opened at 4.01 on Wednesday. Air Industries Group has a 1-year low of $3.85 and a 1-year high of $9.17. The company’s 50 day moving average price is $4.57 and its 200-day moving average price is $4.94. The company’s market capitalization is $30.41 million.

Air Industries Group (NYSEMKT:AIRI) last posted its quarterly earnings data on Thursday, August 18th. The company reported ($0.04) earnings per share for the quarter. The company earned $19.36 million during the quarter, compared to the consensus estimate of $19.06 million. On average, equities analysts forecast that Air Industries Group will post ($0.17) earnings per share for the current year.

Air Industries Group Company Profile

Air Industries Group is an aerospace and defense company. The Company manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines and other components. The Company operates in three segments: Complex Machining, Aerostructures and Electronics and Turbine Engine Components.

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