Air Industries Group (NYSEAMERICAN:AIRI) Issues Earnings Results

Air Industries Group (NYSEAMERICAN:AIRI) released its quarterly earnings data on Wednesday. The company reported ($0.21) earnings per share for the quarter, FiscalAI reports. The company had revenue of $11.61 million for the quarter. Air Industries Group had a negative return on equity of 7.52% and a negative net margin of 2.82%.

Air Industries Group Trading Down 1.1%

AIRI traded down $0.03 during trading hours on Friday, reaching $2.74. The company’s stock had a trading volume of 40,230 shares, compared to its average volume of 83,104. Air Industries Group has a fifty-two week low of $2.55 and a fifty-two week high of $4.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.24 and a quick ratio of 0.33. The stock has a market cap of $13.10 million, a PE ratio of -9.79 and a beta of 0.07. The business’s 50-day moving average is $3.20 and its 200-day moving average is $3.16.

Institutional Investors Weigh In On Air Industries Group

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Air Industries Group by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock worth $104,000 after buying an additional 4,051 shares during the period. Virtu Financial LLC acquired a new stake in shares of Air Industries Group in the fourth quarter valued at approximately $83,000. Citadel Advisors LLC purchased a new position in Air Industries Group during the 3rd quarter worth $77,000. Finally, Ground Swell Capital LLC purchased a new stake in Air Industries Group during the 3rd quarter valued at approximately $42,000. 42.68% of the stock is owned by hedge funds and other institutional investors.

About Air Industries Group

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.