Air T (NASDAQ:AIRT) Issues Quarterly Earnings Results

Air T (NASDAQ:AIRT) posted its quarterly earnings data on Monday. The transportation company reported $28.75 earnings per share for the quarter, FiscalAI reports. The company had revenue of $120.94 million during the quarter. Air T had a negative net margin of 2.48% and a negative return on equity of 1,441.13%.

Air T Stock Down 2.0%

AIRT opened at $23.61 on Tuesday. The firm has a market cap of $63.75 million, a price-to-earnings ratio of -9.60 and a beta of 0.34. The business’s 50 day moving average is $21.90 and its two-hundred day moving average is $21.71. Air T has a 52 week low of $18.35 and a 52 week high of $26.70.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Air T in a research note on Friday, May 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Air T

Air T, Inc (NASDAQ: AIRT) is a U.S.-based telecommunications company specializing in prepaid and pay-as-you-go voice and data services. Headquartered in Boca Raton, Florida, Air T offers a mix of retail and wholesale solutions designed to connect end users and enterprise customers across domestic and international markets. The company’s product portfolio includes prepaid wireless plans, long-distance calling services, roaming arrangements, calling cards and VoIP solutions.

Through proprietary networks and strategic partnerships with major carriers, Air T provides voice and data connectivity under subscription-free and subscription-based models.