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

StockNews.com assumed coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

Air Industries Group Price Performance

Air Industries Group stock opened at $3.59 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 0.30. The company has a market capitalization of $12.06 million, a PE ratio of -19.94 and a beta of 0.18. Air Industries Group has a one year low of $3.00 and a one year high of $9.44. The business has a 50 day simple moving average of $3.54 and a 200 day simple moving average of $4.62.

Institutional Investors Weigh In On Air Industries Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in shares of Air Industries Group in the 4th quarter valued at $58,000. Virtu Financial LLC lifted its holdings in Air Industries Group by 55.8% during the fourth quarter. Virtu Financial LLC now owns 16,699 shares of the company’s stock worth $68,000 after acquiring an additional 5,982 shares in the last quarter. Empowered Funds LLC bought a new position in Air Industries Group during the fourth quarter worth about $70,000. Two Sigma Investments LP bought a new position in Air Industries Group during the fourth quarter worth about $74,000. Finally, Bridgeway Capital Management LLC bought a new position in Air Industries Group during the fourth quarter worth about $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.