Revenue Update on Air Industries Group Inc(NYSEMKT:AIRI)

Air Industries Group Inc(NYSEMKT:AIRI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $19.36M. Analysts estimated a revenue of $22.50M. Earnings per share were $-0.04.

Air Industries Group Inc (AIRI) made into the market gainers list on Mondays trading session with the shares advancing 0.36% or 0.0166 points. Due to strong positive momentum, the stock ended at $4.6366, which is also near the day’s high of $4.69. The stock began the session at $4.6639 and the volume stood at 7,511 shares. The 52-week high of the shares is $9.39 and the 52 week low is $3.85. The company has a current market capitalization of $35 M and it has 75,70,040 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Robert Taglich (director) purchased 2,500 shares at $5.00 per share price.Also, On Jun 13, 2016, Michael N Taglich (director) purchased 2,500 shares at $5.00 per share price.On Jun 6, 2016, David Buonanno (director) purchased 61 shares at $7.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Air Industries Group (AIRI) is an aerospace and defense company. AIRI along with its subsidiaries manufactures and designs 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. AIRI operates through three segments: 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) and Electronic Connection Corporation (ECC). The Turbine Engine Components segment consists of AMK Welding Inc. (AMK) and The Sterling Engineering Corporation (Sterling). AIRI also provides sheet metal fabrication of aerostructures tube bending and welding services.

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