Air T, Inc. (NASDAQ:AIRT - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.62 and traded as high as $19.31. Air T shares last traded at $19.95, with a volume of 421 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on Air T in a report on Friday, May 16th. They set a "hold" rating for the company.
Read Our Latest Stock Analysis on AIRT
Air T Trading Down 10.2%
The business's 50 day moving average price is $18.00 and its 200-day moving average price is $18.62. The company has a current ratio of 1.90, a quick ratio of 1.09 and a debt-to-equity ratio of 15.79. The company has a market cap of $53.85 million, a price-to-earnings ratio of -71.23 and a beta of 0.66.
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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