Air T (NASDAQ:AIRT) Posts Quarterly Earnings Results

Air T (NASDAQ:AIRT) issued its quarterly earnings results on Monday. The transportation company reported $28.75 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $120.94 million for the quarter. Air T had a negative return on equity of 3,912.84% and a net margin of 23.84%.

Air T Price Performance

Shares of AIRT opened at $26.50 on Wednesday. The company has a market capitalization of $71.55 million, a P/E ratio of 0.92 and a beta of 0.34. Air T has a one year low of $18.35 and a one year high of $28.69. The business’s 50 day simple moving average is $21.98 and its 200-day simple moving average is $21.75.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Air T in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Air T currently has an average rating of “Sell”.

Air T Company Profile

Air T, Inc (NASDAQ: AIRT) is a U.S.-based telecommunications company specializing in prepaid and pay-as-you-go voice and data services. Headquartered in Boca Raton, Florida, Air T offers a mix of retail and wholesale solutions designed to connect end users and enterprise customers across domestic and international markets. The company’s product portfolio includes prepaid wireless plans, long-distance calling services, roaming arrangements, calling cards and VoIP solutions.

Through proprietary networks and strategic partnerships with major carriers, Air T provides voice and data connectivity under subscription-free and subscription-based models.