Air Industries Group (NYSEAMERICAN:AIRI) Shares Down 3.2% – Should You Sell?

Shares of Air Industries Group (NYSEAMERICAN:AIRI) were down 3.2% during mid-day trading on Monday . The company traded as low as $2.88 and last traded at $2.99. Approximately 478,329 shares traded hands during trading, an increase of 74% from the average daily volume of 275,207 shares. The stock had previously closed at $3.09.

Air Industries Group Trading Up 3.7%

The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $3.04 and a 200 day moving average price of $3.19. The stock has a market capitalization of $14.67 million, a PE ratio of -5.48 and a beta of 0.01.

Air Industries Group (NYSEAMERICAN:AIRI) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Air Industries Group had a negative return on equity of 12.48% and a negative net margin of 4.01%.The company had revenue of $10.31 million for the quarter. Equities analysts expect that Air Industries Group will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Air Industries Group stock. Citadel Advisors LLC acquired a new position in Air Industries Group (NYSEAMERICAN:AIRI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,629 shares of the company’s stock, valued at approximately $77,000. Citadel Advisors LLC owned approximately 0.52% of Air Industries Group as of its most recent filing with the Securities and Exchange Commission. 42.68% of the stock is currently owned by hedge funds and other institutional investors.

Air Industries Group Company Profile

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.