Air Industries Group (NYSEAMERICAN:AIRI) Releases Quarterly Earnings Results

Air Industries Group (NYSEAMERICAN:AIRI) issued its quarterly earnings results on Wednesday. The company reported ($0.21) EPS for the quarter, FiscalAI reports. Air Industries Group had a negative net margin of 2.72% and a negative return on equity of 7.61%. The business had revenue of $11.61 million during the quarter.

Air Industries Group Stock Performance

Shares of AIRI opened at $2.86 on Thursday. The firm has a market cap of $13.67 million, a price-to-earnings ratio of -8.41 and a beta of 0.07. The company has a quick ratio of 0.33, a current ratio of 1.24 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $3.21 and its two-hundred day moving average is $3.17. Air Industries Group has a 52-week low of $2.55 and a 52-week high of $4.17.

Institutional Trading of Air Industries Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ground Swell Capital LLC acquired a new stake in Air Industries Group in the third quarter valued at $42,000. Citadel Advisors LLC acquired a new position in Air Industries Group during the 3rd quarter worth $77,000. Virtu Financial LLC bought a new stake in shares of Air Industries Group in the 4th quarter worth about $83,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Air Industries Group by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock worth $104,000 after purchasing an additional 4,051 shares during the last quarter. Institutional investors 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.