StockNews.com Begins Coverage on Air Industries Group (NYSEAMERICAN:AIRI)

Equities researchers at StockNews.com started coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Air Industries Group Price Performance

Shares of Air Industries Group stock opened at $3.16 on Wednesday. The stock’s 50-day simple moving average is $4.01 and its 200-day simple moving average is $4.83. The company has a quick ratio of 0.30, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. Air Industries Group has a 52 week low of $3.00 and a 52 week high of $9.44. The company has a market capitalization of $10.62 million, a price-to-earnings ratio of -17.56 and a beta of 0.18.

Hedge Funds Weigh In On Air Industries Group

A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in shares of Air Industries Group during the fourth quarter worth $190,000. Geode Capital Management LLC increased its stake in Air Industries Group by 26.6% in the 4th quarter. Geode Capital Management LLC now owns 25,367 shares of the company’s stock worth $103,000 after buying an additional 5,329 shares during the period. Bridgeway Capital Management LLC bought a new stake in Air Industries Group during the 4th quarter valued at about $86,000. Two Sigma Investments LP purchased a new stake in Air Industries Group in the 4th quarter valued at about $74,000. Finally, Empowered Funds LLC bought a new position in Air Industries Group in the 4th quarter worth about $70,000. 42.68% of the stock is owned by hedge funds and other institutional investors.

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.