Air Industries Group (NYSEAMERICAN:AIRI) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

Air Industries Group Stock Performance

Shares of AIRI stock opened at $3.43 on Wednesday. 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 fifty day moving average of $3.62 and a 200 day moving average of $4.70. The firm has a market capitalization of $11.52 million, a price-to-earnings ratio of -19.06 and a beta of 0.18. Air Industries Group has a 52 week low of $3.00 and a 52 week high of $9.44.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Air Industries Group in the 4th quarter worth approximately $58,000. Virtu Financial LLC purchased a new stake in shares of Air Industries Group in the third quarter worth $60,000. Empowered Funds LLC bought a new position in shares of Air Industries Group during the fourth quarter valued at $70,000. Two Sigma Investments LP bought a new position in shares of Air Industries Group during the fourth quarter valued at $74,000. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Air Industries Group in the 4th quarter worth about $86,000. Institutional investors own 42.68% of the company’s stock.

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.