Air T, Inc. (NASDAQ:AIRT – Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.
Air T Stock Performance
The stock has a 50 day moving average of $20.37 and a 200 day moving average of $19.86. The company has a market capitalization of $54.12 million, a price-to-earnings ratio of -22.54 and a beta of 0.76. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 13.44.
Air T (NASDAQ:AIRT – Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The transportation company reported $0.91 earnings per share (EPS) for the quarter. Air T had a negative net margin of 0.88% and a negative return on equity of 35.95%. The firm had revenue of $81.24 million for the quarter.
About Air T
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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