Air Industries Group (NYSEAMERICAN:AIRI) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Air Industries Group (NYSEAMERICAN:AIRI) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Air Industries Group Stock Performance

Shares of Air Industries Group stock opened at $3.59 on Wednesday. The firm has a market cap of $12.06 million, a price-to-earnings ratio of -19.94 and a beta of 0.18. The stock’s 50-day moving average is $3.54 and its 200-day moving average is $4.62. Air Industries Group has a one year low of $3.00 and a one year high of $9.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 0.30.

Institutional Investors Weigh In On Air Industries Group

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in shares of Air Industries Group during the fourth quarter worth approximately $190,000. Geode Capital Management LLC boosted its holdings in shares of Air Industries Group by 26.6% during the fourth quarter. Geode Capital Management LLC now owns 25,367 shares of the company’s stock worth $103,000 after acquiring an additional 5,329 shares during the period. Bridgeway Capital Management LLC bought a new stake in shares of Air Industries Group during the fourth quarter worth approximately $86,000. Two Sigma Investments LP bought a new stake in shares of Air Industries Group during the fourth quarter worth approximately $74,000. Finally, Empowered Funds LLC bought a new stake in shares of Air Industries Group during the fourth quarter worth approximately $70,000. Institutional investors own 42.68% of the company’s stock.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.