Air T (NASDAQ:AIRT) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Air T, Inc. (NASDAQ:AIRT)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.54 and traded as low as $21.35. Air T shares last traded at $22.33, with a volume of 4,906 shares traded.

Analyst Ratings Changes

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

Air T Stock Performance

The company has a market cap of $60.29 million, a PE ratio of -9.08 and a beta of 0.34. The firm’s 50 day moving average is $21.73 and its 200-day moving average is $21.54.

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.