Air Industries Group (NYSEAMERICAN:AIRI – Get Free Report) issued its earnings results on Monday. The company reported $0.19 earnings per share for the quarter, FiscalAI reports. The company had revenue of $14.55 million during the quarter. Air Industries Group had a negative return on equity of 9.36% and a negative net margin of 3.77%.
Air Industries Group Stock Performance
Shares of Air Industries Group stock opened at $2.80 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.31 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $13.58 million, a P/E ratio of -8.00 and a beta of 0.04. The business has a fifty day simple moving average of $2.60 and a two-hundred day simple moving average of $2.92. Air Industries Group has a 12 month low of $2.30 and a 12 month high of $3.95.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Air Industries Group stock. Susquehanna International Group LLP acquired a new stake in shares of Air Industries Group (NYSEAMERICAN:AIRI – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,121 shares of the company’s stock, valued at approximately $49,000. Susquehanna International Group LLP owned about 0.33% of Air Industries Group as of its most recent filing with the SEC. 42.68% of the stock is owned by hedge funds and other institutional investors.
Air Industries Group Company Profile
Air Industries Group is an aerospace and defense manufacturing company that produces precision components, assemblies and subassemblies for military and commercial aircraft. Its products are used in airframe, engine and flight-control applications and are supplied primarily to aerospace and defense contractors and original equipment manufacturers.
The company’s capabilities include machining, fabrication, welding, assembly and the production of specialized structural and mechanical components.
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