Air T (NASDAQ:AIRT) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• Air T's stock has received a "sell (D-)" rating from Weiss Ratings, indicating a negative outlook from analysts.
• The stock traded up 2.3% to $22.95, with a market cap of $61.95 million and a negative price-to-earnings ratio of -8.44.
• In its latest earnings report, Air T reported a loss of ($0.61) EPS and a revenue of $70.87 million for the quarter.

Air T (NASDAQ:AIRT - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Air T Trading Up 2.3%

Shares of AIRT stock traded up $0.52 during mid-day trading on Friday, reaching $22.95. The stock had a trading volume of 288 shares, compared to its average volume of 4,354. The business's fifty day moving average is $23.41 and its 200-day moving average is $20.75. The firm has a market cap of $61.95 million, a price-to-earnings ratio of -8.44 and a beta of 0.73. Air T has a 1-year low of $14.56 and a 1-year high of $26.70.

Air T (NASDAQ:AIRT - Get Free Report) last posted its earnings results on Wednesday, August 13th. The transportation company reported ($0.61) EPS for the quarter. The company had revenue of $70.87 million for the quarter. Air T had a negative return on equity of 263.91% and a negative net margin of 2.51%.

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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