Air Industries Group (NYSEAMERICAN:AIRI) Issues Earnings Results

Air Industries Group (NYSEAMERICAN:AIRI) announced its quarterly earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, FiscalAI reports. The business had revenue of $11.99 million for the quarter. Air Industries Group had a negative return on equity of 7.38% and a negative net margin of 2.82%.

Air Industries Group Price Performance

Shares of AIRI traded down $0.01 during mid-day trading on Wednesday, reaching $2.60. The company had a trading volume of 14,018 shares, compared to its average volume of 66,478. Air Industries Group has a twelve month low of $2.55 and a twelve month high of $3.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.33. The company’s 50-day moving average is $2.86 and its 200-day moving average is $3.08. The company has a market capitalization of $12.61 million, a P/E ratio of -9.29 and a beta of 0.07.

Institutional Trading of Air Industries Group

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Air Industries Group by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock worth $104,000 after acquiring an additional 4,051 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Air Industries Group in the 4th quarter worth about $83,000. Finally, Citadel Advisors LLC bought a new stake in shares of Air Industries Group in the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 42.68% of the company’s stock.

Air Industries Group Company Profile

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.