Air Industries Group (NYSEAMERICAN:AIRI) Trading Down 0.3% – Here’s What Happened

Air Industries Group (NYSEAMERICAN:AIRI)’s stock price fell 0.3% on Wednesday . The stock traded as low as $3.01 and last traded at $3.01. 31,383 shares traded hands during trading, a decline of 16% from the average session volume of 37,449 shares. The stock had previously closed at $3.02.

Air Industries Group Stock Performance

The stock’s 50-day simple moving average is $3.02 and its two-hundred day simple moving average is $3.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.33. The firm has a market capitalization of $14.45 million, a P/E ratio of -10.64 and a beta of 0.06.

Air Industries Group (NYSEAMERICAN:AIRI) last announced its quarterly earnings data on Friday, March 27th. The company reported $0.05 EPS for the quarter. Air Industries Group had a negative net margin of 2.82% and a negative return on equity of 7.38%. The firm had revenue of $12.81 million for the quarter.

Hedge Funds Weigh In On Air Industries Group

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Air Industries Group by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock worth $104,000 after acquiring an additional 4,051 shares during the period. Virtu Financial LLC bought a new stake in Air Industries Group during the 4th quarter valued at approximately $83,000. Finally, Citadel Advisors LLC purchased a new position in Air Industries Group in the 3rd quarter worth approximately $77,000. 42.68% of the stock is currently owned by hedge funds and other institutional investors.

About Air Industries Group

Air Industries Group, Inc (NYSE American: AIRI) is a precision engineering company headquartered in Ronkonkoma, New York. The firm specializes in the design, development and manufacture of air and gas handling solutions for high-performance applications. Its core offerings include turbomachinery components such as blowers, fans, compressors and turbines, as well as heat exchangers and related assemblies. Air Industries Group serves as an original equipment manufacturer (OEM) and a trusted supplier to a range of industries, with a particular focus on defense and aerospace.

The company’s product portfolio addresses the demanding requirements of military and commercial aerospace platforms, providing mission-critical airflow and thermal management systems.