Air Industries Group Inc (NYSEAMERICAN:AIRI) shares rose 15.7% on Thursday . The stock traded as high as $1.59 and last traded at $1.47, approximately 317,633 shares were traded during trading. An increase of 1,099% from the average daily volume of 26,502 shares. The stock had previously closed at $1.27.
Separately, Zacks Investment Research raised shares of Air Industries Group from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research note on Monday, November 18th.
The stock’s 50-day simple moving average is $1.20.
Air Industries Group (NYSEAMERICAN:AIRI) last posted its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The business had revenue of $14.00 million during the quarter, compared to the consensus estimate of $13.70 million.
A hedge fund recently bought a new stake in Air Industries Group stock. JFS Wealth Advisors LLC acquired a new stake in Air Industries Group Inc (NYSEAMERICAN:AIRI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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 SEC filing.
About Air Industries Group (NYSEAMERICAN:AIRI)
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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