Air Industries Group (NYSEAMERICAN:AIRI) Stock Price Up 2.8% – What’s Next?

Air Industries Group (NYSEAMERICAN:AIRI)’s share price was up 2.8% during mid-day trading on Friday. The stock traded as high as $2.69 and last traded at $2.60. 49,673 shares traded hands during mid-day trading, an increase of 409% from the average session volume of 9,750 shares. The stock had previously closed at $2.53.

Air Industries Group Trading Up 2.8%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.31 and a current ratio of 1.24. The stock has a 50-day moving average of $2.58 and a two-hundred day moving average of $2.81. The company has a market cap of $12.61 million, a P/E ratio of -7.43 and a beta of 0.04.

Air Industries Group (NYSEAMERICAN:AIRI) last posted its earnings results on Wednesday, August 12th. The company reported ($0.18) EPS for the quarter. The business had revenue of $11.99 million during the quarter. Air Industries Group had a negative return on equity of 9.36% and a negative net margin of 3.77%.

Institutional Investors Weigh In On Air Industries Group

An institutional investor recently bought a new position in Air Industries Group stock. Susquehanna International Group LLP purchased a new stake in shares of Air Industries Group (NYSEAMERICAN:AIRI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,121 shares of the company’s stock, valued at approximately $49,000. Susquehanna International Group LLP owned 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.

Air Industries Group Company Profile

Air Industries Group is an aerospace and defense manufacturing company headquartered in Garden City, New York. Through its operating subsidiaries, the company produces components and assemblies used in military and commercial aircraft, helicopters, engines, and related aerospace systems.

Its products and capabilities include precision-machined parts, structural components, flight-critical assemblies, landing-gear components, sheet-metal fabrications, welded assemblies, and other highly engineered parts.