Roth Capital Thinks Air Industries Group’s Stock is Going to Recover

By Carrie Williams

Roth Capital analyst Matt Koranda reiterated a Buy rating on Air Industries Group (NYSE: AIRI) on December 27 and set a price target of $2. The company’s shares opened today at $1.67, close to its 52-week low of $1.15.

According to TipRanks.com, Koranda is a 4-star analyst with an average return of 5.7% and a 52.5% success rate. Koranda covers the Industrial Goods sector, focusing on stocks such as Cooper-Standard Holdings, Pioneer Power Solutions, and Columbus Mckinnon Corp.

Air Industries Group has an analyst consensus of Moderate Buy, with a price target consensus of $2.

Based on Air Industries Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $17.28 million and GAAP net loss of $2.88 million. In comparison, last year the company earned revenue of $15.71 million and had a GAAP net loss of $2.05 million.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AIRI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Air Industries Group engages in the manufacturing and designing of 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 company also provide sheet metal fabrication of aerostructures, tube bending and welding services.