Air T (NASDAQ:AIRT) Posts Quarterly Earnings Results

Air T (NASDAQ:AIRT) announced its quarterly earnings data on Friday. The transportation company reported ($0.91) earnings per share (EPS) for the quarter, FiscalAI reports. Air T had a negative net margin of 2.01% and a negative return on equity of 1,441.13%. The company had revenue of $65.95 million for the quarter.

Air T Stock Up 1.4%

AIRT stock opened at $23.69 on Friday. The business has a 50 day moving average of $20.97 and a 200 day moving average of $21.97. The firm has a market cap of $63.95 million, a PE ratio of -11.73 and a beta of 0.39. Air T has a twelve month low of $14.56 and a twelve month high of $26.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Air T in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Air T currently has a consensus rating of “Sell”.

About Air T

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.