Zacks Investment Research Lowers Air Industries Group (AIRI) to Sell

Air Industries Group (NYSEAMERICAN:AIRI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors 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. “

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

NYSEAMERICAN AIRI traded down $0.01 during trading on Monday, reaching $1.05. 628 shares of the company’s stock were exchanged, compared to its average volume of 30,199. Air Industries Group has a fifty-two week low of $0.70 and a fifty-two week high of $1.95.

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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