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Weakness Seen in Air Industries (AIRI): Stock Plunges 11.5%

Zacks Equity Research

Air Industries Group (AIRI) saw a big move on Friday, as the company’s shares fell over 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session This continues the recent downtrend for AIRI, as the stock is now down over 8% in the past one-month time frame.

The aerospace and defense company  has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

AIRI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.

Some better-ranked stocks in the same sector include Embraer SA (ERJ), Leidos Holdings, Inc. (LDOS) and American Science & Engineering Inc. (ASEI). All these stocks hold a Zacks Rank #2 (Buy).

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AIR INDUSTRIES GROUP INC (AIRI): Free Stock Analysis Report

EMBRAER SA (ERJ): Free Stock Analysis Report

LEIDOS HOLDINGS INC (LDOS): Free Stock Analysis Report

AMER SCIENCE & ENGINEERING (ASEI): Free Stock Analysis Report

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