Air Industries Group (NYSEAMERICAN:AIRI) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Air Industries Group (NYSEAMERICAN:AIRI) from a sell rating to a hold rating in a research note issued to investors on Friday morning, Zacks.com reports.

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. “

Separately, Taglich Brothers restated a speculative buy rating on shares of Air Industries Group in a research report on Wednesday, April 10th.

Shares of AIRI opened at $1.09 on Friday. Air Industries Group has a 1 year low of $0.70 and a 1 year high of $1.80.

Air Industries Group (NYSEAMERICAN:AIRI) last announced its quarterly earnings data on Friday, May 10th. The aerospace company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $13.88 million during the quarter, compared to analyst estimates of $12.50 million.

About Air Industries Group

Air Industries Group, an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. The company operates through three segments: Complex Machining, Aerostructures & Electronics, and Turbine Engine Components. It offers landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components; sheet metal fabrication of aero structures; and tube bending and welding services.

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