Air Industries Group (NYSE:AIRI) Releases Earnings Results

Air Industries Group (NYSE:AIRI) issued its quarterly earnings data on Monday. The company reported $0.06 earnings per share for the quarter, reports. The business had revenue of $13.47 million during the quarter, compared to the consensus estimate of $12.40 million. Air Industries Group had a negative net margin of 6.18% and a negative return on equity of 19.98%.

Air Industries Group Price Performance

Shares of AIRI stock traded down $0.02 on Thursday, reaching $5.15. 10,991 shares of the company were exchanged, compared to its average volume of 11,289. The company has a market cap of $17.00 million, a price-to-earnings ratio of -7.95 and a beta of 0.60. The business has a 50-day moving average price of $4.42 and a 200 day moving average price of $3.56. 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 1 year low of $2.60 and a 1 year high of $5.31.

Wall Street Analyst Weigh In

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

Institutional Trading of Air Industries Group

A hedge fund recently raised its stake in Air Industries Group stock. Virtu Financial LLC boosted its holdings in shares of Air Industries Group (NYSE:AIRI) by 71.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,173 shares of the company’s stock after acquiring an additional 34,210 shares during the period. Virtu Financial LLC owned 0.25% of Air Industries Group worth $58,000 at the end of the most recent reporting period. 42.68% of the stock is currently owned by institutional investors.

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.