Air T - AIRT Stock Forecast, Price & News

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts, and printing equipment and maintenance services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Commercial Aircraft, Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and a range of electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft. This segment also provides composite aircraft structures, and repair and support services. Air T, Inc. was incorporated in 1980 and is based in Denver, North Carolina.

Air T Trading Down 3.2 %

Shares of AIRT traded down $0.50 during mid-day trading on Monday, reaching $15.30. The stock had a trading volume of 2 shares, compared to its average volume of 10,809. The company has a debt-to-equity ratio of 5.03, a current ratio of 4.15 and a quick ratio of 1.72. The firm has a market cap of $43.85 million, a price-to-earnings ratio of 4.06 and a beta of 1.26. The business's fifty day moving average is $16.12 and its 200 day moving average is $19.23. Air T has a 52-week low of $14.01 and a 52-week high of $43.05.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AIRT. StockNews.com began coverage on shares of Air T in a report on Sunday. They issued a "sell" rating for the company. TheStreet raised shares of Air T from a "d" rating to a "c" rating in a report on Tuesday, July 12th.