Air T (NASDAQ:AIRT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Air T, Inc. (NASDAQ:AIRT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.30 and traded as high as $22.07. Air T shares last traded at $21.49, with a volume of 1,099 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Air T in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Air T has a consensus rating of “Sell”.

Air T Stock Performance

The firm’s 50 day moving average price is $23.36 and its 200-day moving average price is $21.33. The firm has a market capitalization of $58.09 million, a PE ratio of -7.90 and a beta of 0.73.

Air T (NASDAQ:AIRT) last issued its quarterly earnings results on Wednesday, August 13th. The transportation company reported ($0.61) earnings per share (EPS) for the quarter. The business had revenue of $70.87 million for the quarter. Air T had a negative return on equity of 263.91% and a negative net margin of 2.51%.

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.