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

Shares of Air T, Inc. (NASDAQ:AIRT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.89 and traded as high as $23.40. Air T shares last traded at $22.53, with a volume of 9,048 shares trading hands.

Wall Street Analysts Forecast Growth

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

Air T Stock Down 2.0%

The stock has a market cap of $60.83 million, a price-to-earnings ratio of -11.15 and a beta of 0.43. The company has a 50 day simple moving average of $20.28 and a 200 day simple moving average of $21.89.

Air T (NASDAQ:AIRT) last announced its quarterly earnings results on Wednesday, November 12th. The transportation company reported $1.61 earnings per share (EPS) for the quarter. The company had revenue of $64.15 million for the quarter. Air T had a negative net margin of 2.01% and a negative return on equity of 1,441.13%.

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.