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

Air Industries Group (NYSEAMERICAN:AIRI) posted its quarterly earnings data on Monday. The company reported $0.31 earnings per share for the quarter, Zacks reports. The company had revenue of $14.55 million during the quarter. Air Industries Group had a negative net margin of 1.51% and a negative return on equity of 1.15%.

Air Industries Group Price Performance

Air Industries Group stock opened at $2.96 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.24 and a debt-to-equity ratio of 0.08. The stock has a market cap of $14.38 million, a P/E ratio of -20.34 and a beta of 0.04. The company’s 50 day moving average price is $2.61 and its two-hundred day moving average price is $2.92. Air Industries Group has a 52 week low of $2.30 and a 52 week high of $3.95.

Institutional Investors Weigh In On Air Industries Group

An institutional investor recently bought a new position in Air Industries Group stock. Susquehanna International Group LLP purchased a new stake in shares of Air Industries Group (NYSEAMERICAN:AIRI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,121 shares of the company’s stock, valued at approximately $49,000. Susquehanna International Group LLP owned 0.33% of Air Industries Group as of its most recent SEC filing. Hedge funds and other institutional investors own 42.68% of the company’s stock.

About Air Industries Group

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. Its product portfolio has included landing-gear components, flight-control assemblies, engine mounts, arresting-hook components and other highly engineered parts manufactured to meet aerospace and defense industry specifications.