Air Industries Group (NYSE:AIRI) Posts Earnings Results

Posted by Trevor Kearing on Apr 4th, 2024

Air Industries Group (NYSE:AIRI – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.06 EPS for the quarter, reports. The company had revenue of $13.47 million during the quarter, compared to analyst estimates of $12.40 million. Air Industries Group had a negative return on equity of 19.98% and a negative net margin of 6.18%.

Air Industries Group Stock Up 0.8 %

AIRI stock opened at $5.17 on Thursday. The business’s 50-day moving average price is $4.40 and its 200-day moving average price is $3.55. The company has a quick ratio of 0.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. Air Industries Group has a twelve month low of $2.60 and a twelve month high of $5.30. The stock has a market cap of $17.06 million, a P/E ratio of -7.95 and a beta of 0.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Air Industries Group stock. Susquehanna International Group LLP bought a new stake in shares of Air Industries Group (NYSE:AIRI – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 filing with the Securities and Exchange Commission. 42.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Air Industries Group in a report on Thursday. They set a “hold” rating for the company.

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Air Industries Group Company Profile

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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.