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. Air T had a negative net margin of 2.48% and a negative return on equity of 1,441.13%. The firm had revenue of $120.94 million during the quarter.

Air T Price Performance

Shares of NASDAQ AIRT opened at $24.08 on Monday. Air T has a fifty-two week low of $18.35 and a fifty-two week high of $26.70. The firm has a market capitalization of $65.02 million, a P/E ratio of -9.79 and a beta of 0.34. The company’s 50 day simple moving average is $21.87 and its 200 day simple moving average is $21.68.

Analyst Ratings Changes

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