Air Industries Group (AIRI) Lowered to Strong Sell at Zacks Investment Research

Air Industries Group (NYSEMKT:AIRI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday.

According to Zacks, “Air Industries Group Inc. is engaged in designing and manufactureing flight critical products including flight safety parts, landing gear and components, arresting gear, flight controls, sheet metal fabrications and ground support equipment. The company also offers sheet metal fabrication of aerostructures, tube bending, welding and sub-contract machining services. It serves Prime Defense and Commercial aerospace manufacturers, through its subsidiaries. Air Industries Group Inc. is headquartered in Bay Shore, New York. “

Shares of Air Industries Group (NYSEMKT:AIRI) traded down 1.5517% during mid-day trading on Wednesday, reaching $4.2825. 6,765 shares of the company traded hands. The firm’s market capitalization is $32.47 million. The firm has a 50-day moving average price of $4.56 and a 200 day moving average price of $4.95. Air Industries Group has a 52 week low of $3.85 and a 52 week high of $9.17.

Air Industries Group (NYSEMKT:AIRI) last released its quarterly earnings results on Thursday, August 18th. The company reported ($0.04) EPS for the quarter. The business had revenue of $19.36 million for the quarter, compared to analyst estimates of $19.06 million. On average, analysts anticipate that Air Industries Group will post ($0.17) earnings per share for the current year.

Air Industries Group Company Profile

Air Industries Group is an aerospace and defense company. The Company manufactures and designs structural parts and assemblies that focus on flight safety, including landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines and other components. The Company operates in three segments: Complex Machining, Aerostructures and Electronics and Turbine Engine Components.

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