StockNews.com started coverage on shares of Air T (NASDAQ:AIRT – Free Report) in a research note published on Sunday. The brokerage issued a hold rating on the transportation company’s stock.
Air T Stock Down 9.2 %
NASDAQ:AIRT opened at $15.18 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.09 and a debt-to-equity ratio of 15.79. Air T has a twelve month low of $14.85 and a twelve month high of $30.60. The company has a market cap of $41.39 million, a PE ratio of -54.23 and a beta of 0.50. The company’s 50 day moving average is $18.67 and its two-hundred day moving average is $18.65.
Air T (NASDAQ:AIRT – Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported ($0.47) earnings per share 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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