Analysts at StockNews.com started coverage on shares of Air T (NASDAQ:AIRT – Get Free Report) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the transportation company’s stock.
Air T Stock Performance
Shares of AIRT stock opened at $18.05 on Friday. 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 firm has a market cap of $49.20 million, a P/E ratio of -64.46 and a beta of 0.61. The firm’s 50 day moving average price is $16.73 and its 200-day moving average price is $18.47. Air T has a one year low of $14.56 and a one year high of $30.60.
Air T (NASDAQ:AIRT – Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The transportation company reported ($0.47) EPS 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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