StockNews.com started coverage on shares of Air T (NASDAQ:AIRT – Get Free Report) in a report released on Wednesday. The firm set a “hold” rating on the transportation company’s stock.
Air T Stock Performance
Shares of NASDAQ AIRT opened at $15.72 on Wednesday. The stock has a 50 day moving average price of $16.96 and a 200 day moving average price of $18.44. Air T has a 52 week low of $14.56 and a 52 week high of $30.60. The company has a debt-to-equity ratio of 15.79, a quick ratio of 1.09 and a current ratio of 1.90. The stock has a market capitalization of $42.85 million, a PE ratio of -56.14 and a beta of 0.50.
Air T (NASDAQ:AIRT – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported ($0.47) earnings per share (EPS) for the quarter. Air T had a negative net margin of 0.27% and a negative return on equity of 12.16%.
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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