Air T (NASDAQ:AIRT - Get Free Report) issued its quarterly earnings data on Friday. The transportation company reported ($2.55) earnings per share for the quarter, Zacks reports. Air T had a negative net margin of 0.27% and a negative return on equity of 12.16%.
Air T Stock Up 16.4%
Air T stock traded up $3.17 during mid-day trading on Friday, reaching $22.48. 1,381 shares of the company's stock were exchanged, compared to its average volume of 16,932. The company has a quick ratio of 1.09, a current ratio of 1.90 and a debt-to-equity ratio of 15.79. Air T has a twelve month low of $14.56 and a twelve month high of $30.60. The company has a market cap of $60.70 million, a P/E ratio of -80.28 and a beta of 0.66. The company has a fifty day moving average of $18.10 and a 200-day moving average of $18.62.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen assumed coverage on shares of Air T in a research note on Friday, May 16th. They set a "hold" rating on the stock.
View Our Latest Analysis on Air T
About Air T
(
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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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