Air T (NASDAQ:AIRT) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Air T, Inc. (NASDAQ:AIRT)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.01 and traded as high as $22.77. Air T shares last traded at $23.11, with a volume of 1,068 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Air T in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Air T Stock Up 2.3%

The firm has a fifty day moving average price of $21.52 and a two-hundred day moving average price of $22.01. The stock has a market capitalization of $62.40 million, a P/E ratio of -9.39 and a beta of 0.39.

Air T (NASDAQ:AIRT) last released its quarterly earnings data on Friday, February 13th. The transportation company reported ($0.91) earnings per share (EPS) for the quarter. The business had revenue of $65.95 million during the quarter. Air T had a negative net margin of 2.48% and a negative return on equity of 1,441.13%.

About Air T

Air T, Inc (NASDAQ: AIRT) is a U.S.-based telecommunications company specializing in prepaid and pay-as-you-go voice and data services. Headquartered in Boca Raton, Florida, Air T offers a mix of retail and wholesale solutions designed to connect end users and enterprise customers across domestic and international markets. The company’s product portfolio includes prepaid wireless plans, long-distance calling services, roaming arrangements, calling cards and VoIP solutions.

Through proprietary networks and strategic partnerships with major carriers, Air T provides voice and data connectivity under subscription-free and subscription-based models.