Air T (NASDAQ:AIRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Air T (NASDAQ:AIRT) to a sell rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Air T from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Air T Price Performance

Shares of NASDAQ AIRT opened at $31.92 on Friday. Air T has a fifty-two week low of $18.35 and a fifty-two week high of $35.00. The firm’s 50-day simple moving average is $29.75 and its 200 day simple moving average is $25.14. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 3.55. The stock has a market cap of $85.55 million, a P/E ratio of 1.35 and a beta of 0.27.

Air T (NASDAQ:AIRT) last announced its earnings results on Friday, August 14th. The transportation company reported ($5.86) earnings per share (EPS) for the quarter. Air T had a net margin of 17.17% and a return on equity of 176.42%. The company had revenue of $115.46 million during the quarter.

Hedge Funds Weigh In On Air T

An institutional investor recently bought a new position in Air T stock. BlackRock Inc. bought a new stake in shares of Air T, Inc. (NASDAQ:AIRT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,583 shares of the transportation company’s stock, valued at approximately $121,000. BlackRock Inc. owned about 0.17% of Air T at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.90% of the company’s stock.

About Air T

Air T, Inc (NASDAQ:AIRT) is a diversified holding company focused on aviation and related services. Through its subsidiaries, the company provides overnight air cargo transportation, aircraft and ground support equipment, and aviation maintenance and support services.

Its air cargo operations are conducted primarily through Mountain Air Cargo, Inc, a contract carrier that transports express packages and other cargo for FedEx under long-term operating arrangements. Mountain Air Cargo serves domestic and regional markets using a fleet of turboprop aircraft.

Air T’s equipment businesses design, manufacture, sell and service ground support equipment used by airports, airlines and other aviation customers.