StockNews.com started coverage on shares of Air T (NASDAQ:AIRT – Free Report) in a report issued on Monday morning. The firm issued a hold rating on the transportation company’s stock.
Air T Stock Performance
Shares of AIRT stock opened at $22.38 on Monday. The stock has a market cap of $63.16 million, a P/E ratio of -4.50 and a beta of 0.76. The company has a debt-to-equity ratio of 10.49, a current ratio of 1.99 and a quick ratio of 0.79. The company has a fifty day moving average price of $19.30 and a two-hundred day moving average price of $18.98. Air T has a one year low of $12.53 and a one year high of $28.62.
Air T (NASDAQ:AIRT – Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The transportation company reported ($1.06) EPS for the quarter. The firm had revenue of $63.76 million during the quarter. Air T had a negative net margin of 4.91% and a negative return on equity of 87.44%.
Hedge Funds Weigh In On Air T
Air T Company Profile
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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