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

Air Industries Group (NYSE:AIRI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Air Industries Group Price Performance

AIRI stock opened at $5.82 on Tuesday. The firm has a 50 day moving average of $5.92 and a 200-day moving average of $4.88. Air Industries Group has a 12-month low of $2.89 and a 12-month high of $9.44. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53.

Air Industries Group (NYSE:AIRI) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $13.57 million during the quarter, compared to the consensus estimate of $12.00 million. As a group, research analysts expect that Air Industries Group will post -0.05 EPS for the current 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.