Shares of Air T, Inc. (NASDAQ:AIRT – Get Free Report) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $29.22 and traded as high as $30.65. Air T shares last traded at $29.90, with a volume of 11,446 shares changing hands.
Analyst Upgrades and Downgrades
Several research analysts have commented on AIRT shares. Wall Street Zen raised shares of Air T to a “sell” rating in a report on Saturday, September 19th. Weiss Ratings cut shares of Air T from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Air T has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on AIRT
Air T Stock Up 2.8%
The company has a debt-to-equity ratio of 3.55, a current ratio of 1.43 and a quick ratio of 0.61. The stock has a market capitalization of $80.13 million, a PE ratio of 1.27 and a beta of 0.25. The company has a 50 day moving average price of $29.22 and a 200-day moving average price of $25.50.
Air T (NASDAQ:AIRT – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The transportation company reported ($5.86) EPS for the quarter. The business had revenue of $115.46 million during the quarter. Air T had a return on equity of 176.42% and a net margin of 17.17%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Air T stock. BlackRock Inc. bought a new position in Air T, Inc. (NASDAQ:AIRT – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 4,583 shares of the transportation company’s stock, valued at approximately $121,000. BlackRock Inc. owned 0.17% of Air T at the end of the most recent quarter. Institutional investors and hedge funds own 8.90% of the company’s stock.
About Air T
Air T, Inc. is a holding company that operates through businesses serving the aviation and air transportation industries. Founded in 1980, the company is based in Maiden, North Carolina, and has historically built its operations around air cargo transportation and aviation support services. Through its air cargo subsidiaries, including Mountain Air Cargo, Inc. and CSA Air, Inc., Air T provides regional overnight freight and feeder services, primarily under contractual arrangements with FedEx. These carriers operate aircraft and routes supporting the broader express-package delivery network.
Further Reading
- Five stocks we like better than Air T
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Air T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air T and related companies with MarketBeat.com's FREE daily email newsletter.
