Air Industries Group (NYSEAMERICAN:AIRI) Rating Lowered to Hold at Zacks Investment Research

Air Industries Group (NYSEAMERICAN:AIRI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday, 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. “

Air Industries Group stock opened at $1.16 on Monday. Air Industries Group has a one year low of $0.70 and a one year high of $1.49. The stock has a fifty day moving average of $1.20.

Air Industries Group (NYSEAMERICAN:AIRI) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported ($0.03) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The company had revenue of $13.37 million during the quarter, compared to the consensus estimate of $13.50 million.

In related news, Director Peter Rettaliata sold 46,667 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $1.00, for a total value of $46,667.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

An institutional investor recently bought a new position in Air Industries Group stock. JFS Wealth Advisors LLC acquired a new position in Air Industries Group Inc (NYSEAMERICAN:AIRI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,324 shares of the aerospace company’s stock, valued at approximately $30,000. JFS Wealth Advisors LLC owned approximately 0.10% of Air Industries Group as of its most recent filing with the Securities & Exchange Commission.

Air Industries Group Company Profile

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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