David S. Richmond Buys 20,880 Shares of Air Industries Group Inc (NYSEAMERICAN:AIRI) Stock

Air Industries Group Inc (NYSEAMERICAN:AIRI) insider David S. Richmond purchased 20,880 shares of Air Industries Group stock in a transaction that occurred on Tuesday, March 24th. The shares were bought at an average cost of $0.99 per share, for a total transaction of $20,671.20.

Shares of AIRI traded up $0.14 during trading on Wednesday, reaching $0.95. The company’s stock had a trading volume of 4,024 shares, compared to its average volume of 269,454. The business’s fifty day moving average price is $1.20. Air Industries Group Inc has a twelve month low of $0.60 and a twelve month high of $3.36.

Several institutional investors and hedge funds have recently made changes to their positions in AIRI. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Air Industries Group in the 4th quarter valued at approximately $766,000. Essex Investment Management Co. LLC increased its holdings in shares of Air Industries Group by 92.5% in the 4th quarter. Essex Investment Management Co. LLC now owns 290,901 shares of the aerospace company’s stock valued at $669,000 after acquiring an additional 139,773 shares during the last quarter. EAM Investors LLC bought a new stake in shares of Air Industries Group in the 4th quarter valued at approximately $241,000. Renaissance Technologies LLC bought a new stake in shares of Air Industries Group in the 4th quarter valued at approximately $150,000. Finally, Virtu Financial LLC bought a new stake in shares of Air Industries Group in the 4th quarter valued at approximately $47,000.

Separately, Zacks Investment Research lowered Air Industries Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th.

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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