Air T (NASDAQ:AIRT) Share Price Crosses Above 200 Day Moving Average - What's Next?

Air T, Inc. (NASDAQ:AIRT - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.32 and traded as high as $21.88. Air T shares last traded at $23.42, with a volume of 420 shares.

Analyst Upgrades and Downgrades

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 Trading Up 16.5%

The company has a market capitalization of $68.85 million, a P/E ratio of -9.38 and a beta of 0.78. The company has a fifty day simple moving average of $22.46 and a two-hundred day simple moving average of $19.41. The company has a debt-to-equity ratio of 15.79, a current ratio of 1.89 and a quick ratio of 1.08.

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

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.