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

Key Points

• Shares of Air T, Inc. (NASDAQ:AIRT) have crossed above their 200-day moving average, which is currently $20.03, with recent trading at $22.90.
• The company reported a negative EPS of ($0.61) and a negative return on equity of 263.91% for its last quarterly earnings.
• Air T operates in the transportation sector, offering overnight air cargo services and has 85 aircraft under lease agreements with FedEx.

Shares of Air T, Inc. (NASDAQ:AIRT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.03 and traded as high as $23.60. Air T shares last traded at $22.90, with a volume of 1,113 shares traded.

Air T Trading Down 3.5%

The firm has a market cap of $61.83 million, a PE ratio of -8.42 and a beta of 0.78. The company's fifty day moving average price is $23.32 and its two-hundred day moving average price is $20.03. The company has a quick ratio of 1.08, a current ratio of 1.89 and a debt-to-equity ratio of 15.79.

Air T (NASDAQ:AIRT - Get Free Report) last posted 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 return on equity of 263.91% and a negative net margin of 2.51%.

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.

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