Air T (NASDAQ:AIRT) Stock Passes Above 200-Day Moving Average – Here’s Why

Air T, Inc. (NASDAQ:AIRT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.89 and traded as high as $23.40. Air T shares last traded at $22.53, with a volume of 9,048 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Air T in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Air T currently has an average rating of “Sell”.

Air T Stock Performance

The company has a market capitalization of $60.90 million, a PE ratio of -11.15 and a beta of 0.43. The company’s 50-day simple moving average is $20.28 and its 200-day simple moving average is $21.89.

Air T (NASDAQ:AIRT) last announced its earnings results on Wednesday, November 12th. The transportation company reported $1.61 EPS for the quarter. Air T had a negative net margin of 2.01% and a negative return on equity of 1,441.13%. The business had revenue of $64.15 million during the quarter.

Air T Company Profile

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.