Air Industries Group (NYSEAMERICAN:AIRI) Shares Down 1.6% – Here’s Why

Air Industries Group (NYSEAMERICAN:AIRI)’s share price traded down 1.6% during mid-day trading on Monday . The stock traded as low as $2.50 and last traded at $2.50. 7,791 shares changed hands during trading, a decline of 55% from the average daily volume of 17,403 shares. The stock had previously closed at $2.54.

Air Industries Group Trading Down 2.0%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.24 and a quick ratio of 0.31. The stock’s 50-day moving average is $2.81 and its two-hundred day moving average is $3.05. The stock has a market cap of $11.88 million, a P/E ratio of -7.00 and a beta of 0.07.

Air Industries Group (NYSEAMERICAN:AIRI) last posted its earnings results on Wednesday, August 12th. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $11.99 million for the quarter. Air Industries Group had a negative net margin of 3.77% and a negative return on equity of 9.36%.

Institutional Investors Weigh In On Air Industries Group

Large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Air Industries Group in the third quarter worth about $77,000. Virtu Financial LLC purchased a new position in Air Industries Group during the 4th quarter valued at approximately $83,000. Finally, Dimensional Fund Advisors LP grew its holdings in Air Industries Group by 14.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after buying an additional 4,051 shares in the last quarter. 42.68% of the stock is owned by 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.