Air T (NASDAQ:AIRT) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Air T stock crossed above its 200‑day moving average — the 200‑day MA is $21.62 and shares traded as high as $22.66, last at $22.25 on light volume (1,928 shares), though the report notes the stock was down about 3.3%.
• Analysts maintain a Sell consensus: Weiss Ratings reaffirmed a "sell (e+)" and MarketBeat shows one analyst with a Sell rating.
• Fundamentals remain weak: market cap about $60.1M, trailing P/E is negative (-9.04), last quarter EPS was ($0.91) on $71.13M revenue, with a negative net margin (2.48%) and very large negative ROE (‑1,441.13%).

Air T, Inc. (NASDAQ:AIRT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.62 and traded as high as $22.66. Air T shares last traded at $22.25, with a volume of 1,928 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Air T in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".

Air T Trading Down 3.3%

The firm has a market cap of $60.08 million, a P/E ratio of -9.04 and a beta of 0.35. The firm's 50 day moving average is $22.44 and its two-hundred day moving average is $21.62.

Air T (NASDAQ:AIRT - Get Free Report) last announced its quarterly earnings results on Friday, February 13th. The transportation company reported ($0.91) earnings per share (EPS) for the quarter. The firm had revenue of $71.13 million during the quarter. Air T had a negative net margin of 2.48% and a negative return on equity of 1,441.13%.

About Air T

Air T, Inc NASDAQ: AIRT is a U.S.-based telecommunications company specializing in prepaid and pay-as-you-go voice and data services. Headquartered in Boca Raton, Florida, Air T offers a mix of retail and wholesale solutions designed to connect end users and enterprise customers across domestic and international markets. The company's product portfolio includes prepaid wireless plans, long-distance calling services, roaming arrangements, calling cards and VoIP solutions.

Through proprietary networks and strategic partnerships with major carriers, Air T provides voice and data connectivity under subscription-free and subscription-based models.

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