Air Industries Group (NYSE:AIRI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Air Industries Group (NYSE:AIRI) in a research note published on Thursday morning. The firm issued a buy rating on the stock.

Air Industries Group Price Performance

AIRI stock opened at $5.53 on Thursday. Air Industries Group has a fifty-two week low of $2.60 and a fifty-two week high of $9.44. The stock has a market cap of $18.47 million, a price-to-earnings ratio of -8.25 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $4.91 and a 200 day moving average price of $4.67.

Air Industries Group (NYSE:AIRI) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.30. The firm had revenue of $13.57 million during the quarter, compared to the consensus estimate of $12.00 million. Air Industries Group had a negative return on equity of 10.24% and a negative net margin of 2.86%. Equities research analysts anticipate that Air Industries Group will post -0.05 earnings per share 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.