Why These Defense Stocks Are Declining This Week

7. Air Industries Group (NYSEAMERICAN:AIRI)

Weekly Decline: -10.03%

Air Industries Group (NYSEAMERICAN:AIRI) manufactures precision components and assemblies for aerospace and defense contractors.

Shares dropped by 5.84% on Friday to close at $3.59 per share. Investors are paying close attention to Air Industries Group (NYSE:AIRI)’s upcoming earnings call, which is expected on April 7. Analysts project the company’s EPS at $0.02, down nearly 67% from the prior year’s period. However, revenue is expected to increase 3.93% year-over-year to $14 million.

Air Industries Group (NYSEAMERICAN:AIRI) is among the defense stocks that are declining this week, with a cumulative slump of more than 10% since March 24.