StockNews.com Initiates Coverage on Air Industries Group (NYSE:AIRI)

StockNews.com assumed coverage on shares of Air Industries Group (NYSE:AIRI) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Air Industries Group Price Performance

Shares of NYSE:AIRI opened at $4.70 on Wednesday. The business’s fifty day moving average price is $4.32 and its two-hundred day moving average price is $3.50. The stock has a market cap of $15.51 million, a PE ratio of -4.75 and a beta of 0.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 1.48. Air Industries Group has a one year low of $2.60 and a one year high of $5.30.

Institutional Investors Weigh In On Air Industries Group

A hedge fund recently bought a new stake in Air Industries Group stock. Susquehanna International Group LLP acquired a new position in shares of Air Industries Group (NYSE:AIRI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,614 shares of the company’s stock, valued at approximately $40,000. Susquehanna International Group LLP owned about 0.33% of Air Industries Group as of its most recent SEC filing. Institutional investors and hedge funds own 42.68% of the company’s stock.

About Air Industries Group

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for mission-critical aerospace and defense applications, and a prime contractor to the U.S. Department of Defense in the United States. The company operates through two segments, Complex Machining and Turbine and Engine Component.