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

Analysts at StockNews.com began coverage on shares of Air Industries Group (NYSE:AIRI) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

Air Industries Group Stock Up 27.9 %

Shares of NYSE:AIRI opened at $6.15 on Friday. The firm has a fifty day moving average price of $4.76 and a two-hundred day moving average price of $3.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 0.33. Air Industries Group has a one year low of $2.60 and a one year high of $6.50. The company has a market cap of $20.42 million, a price-to-earnings ratio of -9.46 and a beta of 0.60.

Air Industries Group (NYSE:AIRI) last announced its quarterly earnings results on Monday, April 1st. The company reported $0.06 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 firm had revenue of $13.47 million during the quarter, compared to the consensus estimate of $12.40 million. Analysts anticipate that Air Industries Group will post -0.29 EPS for the current fiscal year.

Air Industries Group Company Profile

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.