StockNews.com began coverage on shares of Air T (NASDAQ:AIRT – Free Report) in a report released on Tuesday. The firm issued a hold rating on the transportation company’s stock.
Air T Stock Down 6.1 %
Shares of AIRT opened at $15.91 on Tuesday. Air T has a 52-week low of $14.56 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. The stock has a fifty day simple moving average of $17.33 and a two-hundred day simple moving average of $18.47. The company has a market capitalization of $43.37 million, a PE ratio of -56.82 and a beta of 0.50.
Air T (NASDAQ:AIRT – Get Free Report) last issued its earnings results on Wednesday, February 12th. The transportation company reported ($0.47) EPS for the quarter. Air T had a negative return on equity of 12.16% and a negative net margin of 0.27%.
Air T Company Profile
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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