Air Industries Group (NYSEAMERICAN:AIRI) Trading Down 1.5% – What’s Next?

Air Industries Group (NYSEAMERICAN:AIRI – Get Free Report) shares were down 1.5% on Tuesday . The stock traded as low as $2.57 and last traded at $2.57. 12,173 shares were traded during trading, a decline of 55% from the average daily volume of 26,822 shares. The stock had previously closed at $2.61.

Air Industries Group Stock Performance

The stock’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $2.97. The company has a quick ratio of 0.31, a current ratio of 1.24 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $12.71 million, a PE ratio of -7.49 and a beta of 0.07.

Get Air Industries Group alerts:

Air Industries Group (NYSEAMERICAN:AIRI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $11.99 million for the quarter. Air Industries Group had a negative return on equity of 9.36% and a negative net margin of 3.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Air Industries Group during the 3rd quarter worth approximately $77,000. Virtu Financial LLC purchased a new position in Air Industries Group during the fourth quarter worth $83,000. Dimensional Fund Advisors LP raised its holdings 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 last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Air Industries Group in the second quarter valued at $49,000. Institutional investors and hedge funds own 42.68% of the company’s stock.

Air Industries Group Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Air Industries Group
• AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
• Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
• 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
• Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle

Receive News & Ratings for Air Industries Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Industries Group and related companies with MarketBeat.com's FREE daily email newsletter.