Air T (NASDAQ:AIRT) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, April 2nd.
Shares of NASDAQ AIRT traded up $0.09 during trading on Monday, hitting $25.20. 1,632 shares of the company were exchanged, compared to its average volume of 2,364. Air T has a 12-month low of $14.40 and a 12-month high of $34.83. The company has a quick ratio of 1.52, a current ratio of 2.49 and a debt-to-equity ratio of 1.40. The firm has a market cap of $51.22, a PE ratio of 54.53 and a beta of 1.47.
Air T (NASDAQ:AIRT) last posted its quarterly earnings results on Wednesday, February 14th. The transportation company reported ($0.33) EPS for the quarter. Air T had a return on equity of 4.14% and a net margin of 0.51%. The company had revenue of $44.50 million for the quarter.
In other news, CEO Nicholas John Swenson bought 1,100 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was bought at an average cost of $28.46 per share, with a total value of $31,306.00. Following the transaction, the chief executive officer now directly owns 40,307 shares in the company, valued at approximately $1,147,137.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders acquired 7,692 shares of company stock valued at $202,029. 49.20% of the stock is currently owned by corporate insiders.
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About Air T
Air T, Inc, together with its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2017, this segment had 80 aircrafts under the dry-lease agreements with FedEx.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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