Air Industries Group (NYSE:AIRI) Stock Rating Lowered by StockNews.com

by · The Cerbat Gem

Air Industries Group (NYSE:AIRI – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Air Industries Group Stock Performance

Shares of Air Industries Group stock traded down $0.04 during trading on Tuesday, reaching $5.97. The company’s stock had a trading volume of 58,072 shares, compared to its average volume of 377,489. The business’s 50-day moving average price is $5.93 and its 200-day moving average price is $4.88. The firm has a market cap of $19.94 million, a PE ratio of -12.98 and a beta of 0.32. Air Industries Group has a 52 week low of $2.89 and a 52 week high of $9.44. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.53.

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