Air T, Inc. (NASDAQ:AIRT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.63 and traded as high as $19.50. Air T shares last traded at $18.55, with a volume of 1,816 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on shares of Air T in a research report on Friday, May 16th. They issued a "hold" rating for the company.
Read Our Latest Stock Analysis on Air T
Air T Stock Performance
The company has a debt-to-equity ratio of 15.79, a current ratio of 1.90 and a quick ratio of 1.09. The company has a market cap of $50.02 million, a PE ratio of -65.53 and a beta of 0.66. The business has a fifty day simple moving average of $16.97 and a two-hundred day simple moving average of $18.63.
Air T Company Profile
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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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