Air T (NASDAQ:AIRT) Issues Earnings Results

Air T (NASDAQ:AIRT - Get Free Report) announced its quarterly earnings data on Friday. The transportation company reported ($2.55) EPS for the quarter, Zacks reports. Air T had a negative net margin of 2.10% and a negative return on equity of 88.21%. The firm had revenue of $66.32 million during the quarter.

Air T Stock Down 2.1%

Shares of NASDAQ AIRT traded down $0.47 during mid-day trading on Monday, reaching $22.01. 30,913 shares of the company's stock traded hands, compared to its average volume of 16,847. The company has a debt-to-equity ratio of 15.79, a current ratio of 1.90 and a quick ratio of 1.09. The business has a 50-day simple moving average of $18.23 and a 200 day simple moving average of $18.59. The stock has a market cap of $59.43 million, a P/E ratio of -9.87 and a beta of 0.66. Air T has a 1-year low of $14.56 and a 1-year high of $30.60.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on Air T in a report on Friday, May 16th. They issued a "hold" rating on the stock.

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.