Air T (NASDAQ:AIRT) Releases Earnings Results

Air T (NASDAQ:AIRT) released its quarterly earnings data on Friday. The transportation company reported ($0.91) earnings per share for the quarter, FiscalAI reports. The company had revenue of $65.95 million for the quarter. Air T had a negative return on equity of 1,441.13% and a negative net margin of 2.01%.

Air T Stock Performance

AIRT opened at $23.69 on Friday. Air T has a 52-week low of $14.56 and a 52-week high of $26.70. The stock has a 50-day moving average of $20.97 and a 200-day moving average of $21.96. The company has a market cap of $64.02 million, a PE ratio of -9.63 and a beta of 0.39.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Air T in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Air T presently has an average rating of “Sell”.

Air T Company Profile

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.