Positive Press Coverage Somewhat Unlikely to Affect Air T (AIRT) Share Price
News stories about Air T (NASDAQ:AIRT) have been trending positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Air T earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 46.6635091845775 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Museum of USAF to celebrate National Aviation Day (whio.com)
- European Tour announcers drop F-bomb on air, continue to be the best broadcast in golf (sports.yahoo.com)
- Alliance Air to operate flights from Kochi naval air base (Lead) (news.webindia123.com)
- Delta Air Lines Says Millennials Treat Their Moms Badly (inc.com)
- Defense Dept making $34 million upgrades to two backup presidential aircraft: report (msn.com)
Shares of AIRT stock traded up $0.95 on Friday, reaching $33.45. The company’s stock had a trading volume of 4,727 shares, compared to its average volume of 2,480. Air T has a 1 year low of $14.90 and a 1 year high of $35.08. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.88 and a current ratio of 1.98. The firm has a market cap of $66.42 million, a PE ratio of 29.28 and a beta of 1.50.
About Air T
Air T, Inc, together with its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2018, this segment had 79 aircrafts under the dry-lease agreements with FedEx.
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