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

Equities research analysts at StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRI) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Air Industries Group Stock Performance

NYSE:AIRI opened at $5.82 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 1.46. The firm’s 50-day moving average is $4.64 and its 200-day moving average is $4.60. Air Industries Group has a 52-week low of $2.60 and a 52-week high of $9.44. The company has a market cap of $19.35 million, a price-to-earnings ratio of -8.69 and a beta of 0.32.

Air Industries Group (NYSE:AIRI) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.30. Air Industries Group had a negative return on equity of 10.24% and a negative net margin of 2.86%. The firm had revenue of $13.57 million during the quarter, compared to analysts’ expectations of $12.00 million. Equities research analysts anticipate that Air Industries Group will post -0.05 earnings per share for the current 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.