Weakness Seen in Air Industries (AIRI): Stock Plunges 11.5% - Tale of the Tape

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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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AIR INDUSTRIES (AIRI): Get Free Report
 
EMBRAER AIR-ADR ERJ: Free Stock Analysis Report
 
LEIDOS HOLDINGS LDOS: Free Stock Analysis Report
 
AMER SCI & ENG ASEI: Free Stock Analysis Report
 
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