Air Industries Group (NYSE:AIRI) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Air Industries Group (NYSE:AIRI) from a buy rating to a hold rating in a report published on Tuesday morning.

Air Industries Group Stock Down 1.3 %

NYSE AIRI traded down $0.06 during trading hours on Tuesday, hitting $4.73. The company’s stock had a trading volume of 21,225 shares, compared to its average volume of 373,826. Air Industries Group has a 52 week low of $2.89 and a 52 week high of $9.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.46 and a quick ratio of 0.33. The company’s 50-day simple moving average is $5.91 and its two-hundred day simple moving average is $4.89.

Air Industries Group (NYSE:AIRI) last posted its earnings results on Wednesday, August 14th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.30. Air Industries Group had a negative net margin of 2.86% and a negative return on equity of 10.24%. The firm had revenue of $13.57 million for the quarter, compared to analysts’ expectations of $12.00 million. Equities analysts expect that Air Industries Group will post -0.05 EPS for the current fiscal year.

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.