Air Industries Group (NYSE:AIRI) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Air Industries Group (NYSE:AIRI) from a buy rating to a hold rating in a research report report published on Tuesday.

Air Industries Group Stock Performance

AIRI stock traded down $0.06 during mid-day trading on Tuesday, hitting $4.73. The stock had a trading volume of 21,225 shares, compared to its average volume of 373,826. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.33 and a current ratio of 1.46. Air Industries Group has a 1-year low of $2.89 and a 1-year high of $9.44. The company has a fifty day moving average of $5.91 and a 200 day moving average of $4.89.

Air Industries Group (NYSE:AIRI) last announced its quarterly earnings data 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 return on equity of 10.24% and a negative net margin of 2.86%. The company had revenue of $13.57 million during the quarter, compared to the consensus estimate of $12.00 million. As a group, sell-side analysts expect that Air Industries Group will post -0.05 EPS for the current fiscal year.

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.