Air Industries Group (NYSEAMERICAN:AIRI) Trading Down 1.6% – Should You Sell?

Shares of Air Industries Group (NYSEAMERICAN:AIRI) traded down 1.6% during mid-day trading on Monday . The company traded as low as $2.50 and last traded at $2.50. 7,791 shares changed hands during mid-day 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 1.6%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.31 and a current ratio of 1.24. The business has a fifty day simple moving average of $2.82 and a 200 day simple moving average of $3.05. The stock has a market cap of $12.12 million, a price-to-earnings ratio of -7.14 and a beta of 0.07.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AIRI. Dimensional Fund Advisors LP lifted its holdings in Air Industries Group by 14.5% in the 1st 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 in the last quarter. Virtu Financial LLC purchased a new stake in shares of Air Industries Group during the fourth quarter worth about $83,000. Finally, Citadel Advisors LLC acquired a new position in shares of Air Industries Group in the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 42.68% of the company’s stock.

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.