Air T, Inc. (NASDAQ:AIRT – Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.86 and traded as low as $19.40. Air T shares last traded at $19.61, with a volume of 12,324 shares changing hands.
Air T Stock Down 2.4 %
The stock has a market cap of $54.12 million, a price-to-earnings ratio of -22.54 and a beta of 0.76. The firm’s fifty day moving average price is $20.37 and its two-hundred day moving average price is $19.86. The company has a debt-to-equity ratio of 13.44, a current ratio of 2.27 and a quick ratio of 1.14.
Air T (NASDAQ:AIRT – Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The transportation company reported $0.91 earnings per share for the quarter. Air T had a negative return on equity of 35.95% and a negative net margin of 0.88%. The business had revenue of $81.24 million for the quarter.
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.
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