Air Industries Group (NYSE:AIRI) Trading Down 4.3% – Should You Sell?

by · The Cerbat Gem

Air Industries Group (NYSE:AIRI – Get Free Report)’s share price was down 4.3% on Thursday . The company traded as low as $5.90 and last traded at $5.94. Approximately 57,700 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 68,475 shares. The stock had previously closed at $6.21.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Air Industries Group in a research report on Thursday, September 26th. They issued a “buy” rating for the company.

Check Out Our Latest Stock Analysis on Air Industries Group

Air Industries Group Trading Down 1.7 %

The firm has a market capitalization of $19.41 million, a P/E ratio of -12.63 and a beta of 0.32. The business’s 50-day moving average is $5.92 and its 200 day moving average is $4.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.46 and a quick ratio of 0.33.

Air Industries Group (NYSE:AIRI – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.30. Air Industries Group had a negative net margin of 2.86% and a negative return on equity of 10.24%. The business had revenue of $13.57 million for the quarter, compared to analyst estimates of $12.00 million. As a group, analysts anticipate that Air Industries Group will post -0.05 EPS for the current fiscal year.

Air Industries Group Company Profile

(Get Free Report)

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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