StockNews.com started coverage on shares of Air T (NASDAQ:AIRT – Free Report) in a research report released on Monday. The firm issued a hold rating on the transportation company’s stock.
Air T Stock Performance
NASDAQ:AIRT opened at $22.38 on Monday. The company has a fifty day moving average of $19.30 and a 200-day moving average of $18.98. The firm has a market capitalization of $63.16 million, a P/E ratio of -4.50 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 1.99 and a debt-to-equity ratio of 10.49. Air T has a twelve month low of $12.53 and a twelve month high of $28.62.
Air T (NASDAQ:AIRT – Get Free Report) last released its quarterly earnings data on Monday, February 12th. The transportation company reported ($1.06) earnings per share for the quarter. Air T had a negative return on equity of 87.44% and a negative net margin of 4.91%. The business had revenue of $63.76 million for the quarter.
Institutional Inflows and Outflows
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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