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

StockNews.com initiated coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a research report report published on Wednesday morning. The firm issued a hold rating on the stock.

Air Industries Group Stock Down 2.5%

Shares of NYSEAMERICAN AIRI opened at $3.50 on Wednesday. The stock has a fifty day moving average price of $3.53 and a 200 day moving average price of $4.60. The company has a market cap of $11.76 million, a P/E ratio of -19.44 and a beta of 0.18. Air Industries Group has a 12-month low of $3.00 and a 12-month high of $9.44. The company has a current ratio of 1.44, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Air Industries Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in Air Industries Group in the fourth quarter valued at about $58,000. Virtu Financial LLC increased its holdings 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 during the last quarter. Empowered Funds LLC acquired a new position in shares of Air Industries Group in the 4th quarter valued at approximately $70,000. Two Sigma Investments LP purchased a new position in shares of Air Industries Group during the 4th quarter valued at approximately $74,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Air Industries Group during the fourth quarter worth approximately $86,000. 42.68% of the stock is owned by institutional investors and hedge funds.

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.