Air Industries Group (NYSEAMERICAN:AIRI) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Air Industries Group Stock Performance

Shares of NYSEAMERICAN:AIRI opened at $3.16 on Tuesday. The firm’s 50 day simple moving average is $3.85 and its 200 day simple moving average is $4.81. Air Industries Group has a fifty-two week low of $3.00 and a fifty-two 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. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 0.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new position in Air Industries Group in the fourth quarter valued at approximately $74,000. Bridgeway Capital Management LLC bought a new stake in shares of Air Industries Group during the fourth quarter worth $86,000. Citadel Advisors LLC acquired a new stake in shares of Air Industries Group during the fourth quarter worth $58,000. Dimensional Fund Advisors LP bought a new stake in Air Industries Group in the 4th quarter valued at $190,000. Finally, Geode Capital Management LLC boosted 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 purchasing an additional 5,329 shares during the period. 42.68% of the stock is currently owned by 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.