StockNews.com assumed coverage on shares of Air T (NASDAQ:AIRT – Free Report) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the transportation company’s stock.
Air T Stock Performance
Air T stock opened at $15.94 on Wednesday. The business has a 50 day moving average of $16.86 and a 200-day moving average of $18.43. The company has a debt-to-equity ratio of 15.79, a current ratio of 1.90 and a quick ratio of 1.09. Air T has a 1 year low of $14.56 and a 1 year high of $30.60. The company has a market capitalization of $43.44 million, a P/E ratio of -56.91 and a beta of 0.50.
Air T (NASDAQ:AIRT – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported ($0.47) EPS for the quarter. Air T had a negative return on equity of 12.16% and a negative net margin of 0.27%.
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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