Air Industries Group (NYSEAMERICAN:AIRI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI – Get Rating) in a research note published on Saturday morning. The brokerage issued a hold rating on the aerospace company’s stock.

Air Industries Group Stock Performance

Shares of AIRI stock traded down $0.07 during trading hours on Friday, hitting $3.83. The company’s stock had a trading volume of 2,837 shares, compared to its average volume of 7,981. The company has a 50 day moving average of $5.01 and a 200 day moving average of $4.07. The stock has a market cap of $12.40 million, a PE ratio of 8.33 and a beta of 0.65. The company has a current ratio of 1.76, a quick ratio of 0.38 and a debt-to-equity ratio of 0.58. Air Industries Group has a 12-month low of $3.78 and a 12-month high of $9.00.

Institutional Trading of Air Industries Group

An institutional investor recently raised its position in Air Industries Group stock. Virtu Financial LLC boosted its stake in shares of Air Industries Group (NYSEAMERICAN:AIRI – Get Rating) by 55.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 47,963 shares of the aerospace company’s stock after acquiring an additional 17,202 shares during the period. Virtu Financial LLC owned about 0.15% of Air Industries Group worth $40,000 at the end of the most recent quarter. 14.52% of the stock is owned by institutional investors and hedge funds.

Air Industries Group Company Profile

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Air Industries Group is an integrated tier 1 manufacturer of precision assemblies and components for mission-critical aerospace and defense applications and is a prime contractor to the U.S. Department of Defense. The company is regarded for its expertise in manufacturing parts and assemblies that are vital for flight safety and performance, including landing gear, arresting gear, engine mounts, flight controls, and jet engine components.