Air Industries Group (NYSE:AIRI) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Air Industries Group (NYSE:AIRI) in a research report issued on Thursday. The brokerage set a “buy” rating on the stock.

Air Industries Group Trading Down 4.8 %

AIRI stock opened at $5.53 on Thursday. Air Industries Group has a 52-week low of $2.60 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. The firm has a market cap of $18.47 million, a P/E ratio of -8.63 and a beta of 0.32. The company’s 50-day simple moving average is $4.87 and its 200-day simple moving average is $4.66.

Air Industries Group (NYSE:AIRI) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.30. The company had revenue of $13.57 million for the quarter, compared to analyst estimates of $12.00 million. Air Industries Group had a negative return on equity of 10.24% and a negative net margin of 2.86%. As a group, equities analysts forecast that Air Industries Group will post -0.05 EPS for the current fiscal year.

About Air Industries Group

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.