The stock of Air Industries Group Inc (NYSEMKT:AIRI) is a huge mover today! About 101,671 shares traded hands or 578.49% up from the average. Air Industries Group Inc (NYSEMKT:AIRI) has declined 45.11% since April 26, 2016 and is downtrending. It has underperformed by 50.37% the S&P500.
The move comes after 5 months positive chart setup for the $39.21M company. It was reported on Nov, 29 by Barchart.com. We have $3.92 PT which if reached, will make NYSEMKT:AIRI worth $2.35 million more.
According to Zacks Investment Research, “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.”
More notable recent Air Industries Group Inc (NYSEMKT:AIRI) news were published by: Newsday.com which released: “Air Industries, growing through deals, seeks ‘culture shift'” on July 22, 2016, also Streetinsider.com with their article: “Air Industries Group (AIRI) Names Michael Recca CFO” published on October 05, 2016, Streetinsider.com published: “Air Industries Group (AIRI) Enters 452.25k Share Private Placement for …” on May 26, 2016. More interesting news about Air Industries Group Inc (NYSEMKT:AIRI) were released by: Newsday.com and their article: “Air Industries to open production facility in Poland” published on June 13, 2016 as well as Marketwired.com‘s news article titled: “Air Industries Group (the “Company” or “Air Industries”) Announces …” with publication date: May 02, 2016.
AIRI Company Profile
Air Industries Group (AIRI), incorporated on July 9, 2013, is an aerospace and defense company. The Firm makes and creates 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 Firm operates in three divisions: Complex Machining, Aerostructures and Electronics, and Turbine Engine Components. The Complex Machining segment consists of Air Industries Machining, Corp. (AIM) and Nassau Tool Works, Inc. (NTW). The Aerostructures and Electronics segment consists of Welding Metallurgy, Inc. (WMI), Woodbine Products, Inc. (WPI), Miller Stuart, Inc. (MSI), Eur-Pac Corporation (Eur-Pac), Electronic Connection Corporation (ECC) and Compac Development Corporation (Compac). The Turbine Engine Components segment consists of AMK Welding, Inc. (AMK) and The Sterling Engineering Corporation (Sterling). The Company’s Turbine Engine Components segment makes components for jet engines and ground turbines. The Firm also provides sheet metal fabrication of aerostructures, tube bending and welding services.
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