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

StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRI) in a research note released on Sunday morning. The brokerage issued a hold rating on the stock.

Air Industries Group Price Performance

AIRI stock opened at $5.92 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.33 and a current ratio of 1.46. Air Industries Group has a 1 year low of $2.60 and a 1 year high of $7.60. The stock’s 50 day moving average price is $4.87 and its 200 day moving average price is $3.89. The firm has a market cap of $19.62 million, a P/E ratio of -9.11 and a beta of 0.60.

Air Industries Group (NYSE:AIRI) last released its earnings results on Monday, April 1st. The company reported $0.06 earnings per share (EPS) for the quarter. Air Industries Group had a negative net margin of 4.14% and a negative return on equity of 13.61%. The business had revenue of $13.47 million for the quarter, compared to analysts’ expectations of $12.40 million. On average, sell-side analysts expect that Air Industries Group will post -0.29 earnings per share 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.