Air Industries Group (NYSEAMERICAN:AIRI) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

Air Industries Group Price Performance

AIRI stock opened at $3.19 on Wednesday. Air Industries Group has a 52-week low of $3.00 and a 52-week high of $9.44. The company has a quick ratio of 0.30, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10.72 million, a price-to-earnings ratio of -17.72 and a beta of 0.18. The business has a fifty day moving average of $3.94 and a two-hundred day moving average of $4.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC purchased a new position in Air Industries Group in the 4th quarter valued at approximately $70,000. Virtu Financial LLC grew its stake in Air Industries Group by 55.8% during the 4th quarter. Virtu Financial LLC now owns 16,699 shares of the company’s stock worth $68,000 after purchasing an additional 5,982 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Air Industries Group during the 4th quarter worth about $74,000. Citadel Advisors LLC acquired a new stake in Air Industries Group in the 4th quarter valued at about $58,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Air Industries Group in the 4th quarter valued at about $190,000. 42.68% of the stock is currently owned by hedge funds and other institutional investors.

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.