Air T (NASDAQ:AIRT) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Air T, Inc. (NASDAQ:AIRT) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.03 and traded as high as $22.64. Air T shares last traded at $22.2950, with a volume of 1,946 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Air T in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Air T currently has a consensus rating of “Sell”.

Air T Stock Performance

The stock has a 50-day simple moving average of $23.45 and a 200 day simple moving average of $21.03. The company has a market cap of $60.20 million, a P/E ratio of -8.20 and a beta of 0.73.

Air T (NASDAQ:AIRT) last announced its quarterly earnings data on Wednesday, August 13th. The transportation company reported ($0.61) EPS for the quarter. Air T had a negative return on equity of 263.91% and a negative net margin of 2.51%.The firm had revenue of $70.87 million during the quarter.

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.