Air Industries Group (NYSEAMERICAN:AIRI) Releases Earnings Results

by · The Cerbat Gem

Air Industries Group (NYSEAMERICAN:AIRI – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.21) earnings per share for the quarter, FiscalAI reports. The business had revenue of $11.61 million during the quarter. Air Industries Group had a negative return on equity of 7.61% and a negative net margin of 2.72%.

Air Industries Group Price Performance

Shares of NYSEAMERICAN:AIRI traded down $0.09 on Wednesday, reaching $2.86. The company’s stock had a trading volume of 14,675 shares, compared to its average volume of 84,250. The company has a 50-day simple moving average of $3.21 and a 200 day simple moving average of $3.17. Air Industries Group has a 52-week low of $2.55 and a 52-week high of $4.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.33 and a current ratio of 1.24. The company has a market cap of $13.67 million, a P/E ratio of -8.41 and a beta of 0.07.

Institutional Investors Weigh In On Air Industries Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ground Swell Capital LLC purchased a new stake in Air Industries Group during the third quarter valued at approximately $42,000. Citadel Advisors LLC purchased a new stake in Air Industries Group during the third quarter valued at approximately $77,000. Virtu Financial LLC purchased a new stake in Air Industries Group during the fourth quarter valued at approximately $83,000. Finally, Dimensional Fund Advisors LP raised its position in Air Industries Group by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after purchasing an additional 4,051 shares during the period. 42.68% of the stock is currently owned by hedge funds and other institutional investors.

About Air Industries Group

(Get Free Report)

Air Industries Group, Inc (NYSE American: AIRI) is a precision engineering company headquartered in Ronkonkoma, New York. The firm specializes in the design, development and manufacture of air and gas handling solutions for high-performance applications. Its core offerings include turbomachinery components such as blowers, fans, compressors and turbines, as well as heat exchangers and related assemblies. Air Industries Group serves as an original equipment manufacturer (OEM) and a trusted supplier to a range of industries, with a particular focus on defense and aerospace.

The company’s product portfolio addresses the demanding requirements of military and commercial aerospace platforms, providing mission-critical airflow and thermal management systems.

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