Air Industries Group (NYSEAMERICAN:AIRI) Stock Price Up 3.9% – Should You Buy?

Shares of Air Industries Group (NYSEAMERICAN:AIRI) shot up 3.9% during mid-day trading on Thursday. The company traded as high as $2.70 and last traded at $2.65. 29,401 shares traded hands during trading, an increase of 230% from the average session volume of 8,920 shares. The stock had previously closed at $2.55.

Air Industries Group Price Performance

The firm has a 50 day moving average price of $2.61 and a 200 day moving average price of $2.89. The company has a current ratio of 1.24, a quick ratio of 0.31 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $13.19 million, a PE ratio of -7.77 and a beta of 0.04.

Air Industries Group (NYSEAMERICAN:AIRI) last issued its quarterly 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%.

Hedge Funds Weigh In On Air Industries Group

An institutional investor recently raised its stake in Air Industries Group stock. Dimensional Fund Advisors LP raised its holdings in shares of Air Industries Group (NYSEAMERICAN:AIRI) by 14.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,053 shares of the company’s stock after acquiring an additional 4,051 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.67% of Air Industries Group worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 42.68% of the company’s stock.

Air Industries Group Company Profile

Air Industries Group is an aerospace and defense manufacturing company that supplies components, assemblies and systems for military and commercial aircraft. Its products include landing-gear components, flight-control and actuation systems, engine and structural parts, and other precision-machined and fabricated components.

The company serves aerospace and defense prime contractors, original equipment manufacturers and government customers, primarily through its manufacturing and engineering operations in the United States.