Air T (NASDAQ:AIRT) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Air T (NASDAQ:AIRTFree Report) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the transportation company’s stock.

Air T Price Performance

Shares of Air T stock opened at $17.13 on Friday. The stock has a market cap of $48.31 million, a price-to-earnings ratio of -4.16 and a beta of 0.73. The company has a debt-to-equity ratio of 7.68, a quick ratio of 0.86 and a current ratio of 1.94. The stock has a 50 day moving average price of $16.43 and a 200-day moving average price of $19.86. Air T has a one year low of $12.53 and a one year high of $28.62.

Air T (NASDAQ:AIRTGet Free Report) last issued its quarterly earnings results on Monday, November 13th. The transportation company reported ($0.57) earnings per share (EPS) for the quarter. The business had revenue of $78.97 million for the quarter. Air T had a negative return on equity of 49.62% and a negative net margin of 4.11%.

Institutional Trading of Air T

Large investors have recently added to or reduced their stakes in the company. Meitav Investment House Ltd. purchased a new stake in Air T during the 2nd quarter valued at about $692,000. DCF Advisers LLC boosted its stake in shares of Air T by 20.0% in the first quarter. DCF Advisers LLC now owns 12,000 shares of the transportation company’s stock worth $273,000 after buying an additional 1,996 shares during the last quarter. UBS Group AG raised its holdings in Air T by 11,365.0% in the 4th quarter. UBS Group AG now owns 14,102 shares of the transportation company’s stock worth $238,000 after purchasing an additional 13,979 shares during the period. Dimensional Fund Advisors LP raised its holdings in Air T by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,569 shares of the transportation company’s stock worth $441,000 after purchasing an additional 752 shares during the period. Finally, Morgan Stanley raised its holdings in Air T by 2.2% in the 4th quarter. Morgan Stanley now owns 22,750 shares of the transportation company’s stock worth $562,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 9.30% of the company’s stock.

About Air T

(Get Free Report)

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.

Further Reading

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