Air T's (AIRT) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Air T's stock receives a "sell (D-)" rating from Weiss Ratings, indicating analysts' continued lack of confidence in the company's prospects.
• The stock saw a 3.1% increase on Wednesday, reaching $22.68, despite an average trading volume that was significantly lower than usual.
• In its latest earnings report, Air T posted a net loss of $0.61 per share, coupled with a negative return on equity of 263.91% and a negative net margin of 2.51%.

Air T (NASDAQ:AIRT - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Air T Stock Up 3.1%

NASDAQ:AIRT traded up $0.68 on Wednesday, hitting $22.68. The stock had a trading volume of 489 shares, compared to its average volume of 4,517. The stock has a market cap of $61.24 million, a price-to-earnings ratio of -8.34 and a beta of 0.73. The business's 50-day simple moving average is $23.34 and its two-hundred day simple moving average is $20.31. Air T has a 52-week low of $14.56 and a 52-week high of $26.70.

Air T (NASDAQ:AIRT - Get Free Report) last posted its quarterly earnings data 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%.

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.

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