Air T (NASDAQ:AIRT) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Air T (NASDAQ:AIRTGet Free Report) in a research report issued on Saturday. The firm set a “hold” rating on the transportation company’s stock.

Air T Stock Performance

Shares of AIRT stock opened at $17.22 on Friday. The company has a debt-to-equity ratio of 15.79, a quick ratio of 1.09 and a current ratio of 1.90. The firm has a market capitalization of $46.94 million, a price-to-earnings ratio of -61.50 and a beta of 0.74. Air T has a one year low of $14.85 and a one year high of $30.60. The company has a 50 day moving average price of $18.96 and a 200 day moving average price of $18.79.

Air T (NASDAQ:AIRTGet Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported ($0.47) earnings per share (EPS) for the quarter. Air T had a negative net margin of 0.27% and a negative return on equity of 12.16%.

Air T Company Profile

(Get Free Report)

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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