Air T (NASDAQ:AIRT) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Air T, Inc. (NASDAQ:AIRT) has seen its stock price surpass its 200-day moving average of $19.54, reaching a high of $26.70 during trading.
• Recent earnings reported a loss of ($0.61) per share, with the company displaying a negative net margin of 2.51%.
• Wall Street analysts from Wall Street Zen have initiated coverage on Air T with a "hold" rating, indicating a cautious outlook on the stock.

Air T, Inc. (NASDAQ:AIRT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.54 and traded as high as $26.70. Air T shares last traded at $26.03, with a volume of 2,425 shares changing hands.

Wall Street Analysts Forecast Growth

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

Air T Stock Up 2.5%

The firm has a 50 day moving average price of $22.88 and a two-hundred day moving average price of $19.61. The company has a quick ratio of 1.08, a current ratio of 1.89 and a debt-to-equity ratio of 15.79. The company has a market capitalization of $70.41 million, a price-to-earnings ratio of -9.58 and a beta of 0.78.

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

About Air T

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.