StockNews.com assumed coverage on shares of Air T (NASDAQ:AIRT – Get Free Report) in a report released on Saturday. The brokerage set a “hold” rating on the transportation company’s stock.
Air T Stock Up 2.1 %
Shares of NASDAQ:AIRT opened at $17.22 on Friday. The company has a market capitalization of $46.94 million, a P/E ratio of -61.50 and a beta of 0.74. The stock’s fifty day simple moving average is $18.96 and its 200-day simple moving average is $18.79. Air T has a 52-week low of $14.85 and a 52-week high of $30.60. The company has a quick ratio of 1.09, a current ratio of 1.90 and a debt-to-equity ratio of 15.79.
Air T (NASDAQ:AIRT – Get Free Report) last released its earnings results on Wednesday, February 12th. The transportation company reported ($0.47) earnings per share (EPS) for the quarter. Air T had a negative net margin of 0.27% and a negative return on equity of 12.16%.
About Air T
Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.
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