StockNews.com assumed coverage on shares of Air T (NASDAQ:AIRT – Free Report) in a research note released on Tuesday. The brokerage issued a hold rating on the transportation company’s stock.
Air T Price Performance
Shares of AIRT opened at $16.60 on Tuesday. 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 stock has a market cap of $45.25 million, a PE ratio of -59.28 and a beta of 0.50. The firm has a fifty day moving average price of $17.46 and a 200 day moving average price of $18.49.
Air T (NASDAQ:AIRT – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported ($0.47) earnings per share for the quarter. Air T had a negative return on equity of 12.16% and a negative net margin of 0.27%.
About Air T
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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