Air Industries Group (NYSE:AIRI) Receives New Coverage from Analysts at initiated coverage on shares of Air Industries Group (NYSE:AIRIFree Report) in a research note released on Tuesday. The brokerage issued a hold rating on the stock.

Air Industries Group Stock Performance

Shares of NYSE AIRI opened at $7.17 on Tuesday. 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 $7.77. The business’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $4.13. The company has a market capitalization of $23.80 million, a P/E ratio of -11.03 and a beta of 0.43.

Air Industries Group (NYSE:AIRIGet Free Report) last announced its quarterly earnings results on Monday, April 1st. The company reported $0.06 EPS for the quarter. The business had revenue of $13.47 million during the quarter, compared to analysts’ expectations of $12.40 million. Air Industries Group had a negative return on equity of 13.61% and a negative net margin of 4.14%. Analysts anticipate that Air Industries Group will post -0.29 earnings per share for the current fiscal year.

About Air Industries Group

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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.

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