Air T (NASDAQ:AIRT) Share Price Crosses Above 200 Day Moving Average – What’s Next?
by Jessica Moore · The Cerbat GemShares of Air T, Inc. (NASDAQ:AIRT – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.52 and traded as high as $33.75. Air T shares last traded at $31.75, with a volume of 38,209 shares.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Air T from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Air T currently has an average rating of “Hold”.
Air T Stock Performance
The stock has a market cap of $85.09 million, a PE ratio of 1.35 and a beta of 0.27. The company has a fifty day moving average price of $29.12 and a 200 day moving average price of $24.52. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 3.55.
Air T (NASDAQ:AIRT – Get Free Report) last issued its earnings results on Friday, August 14th. The transportation company reported ($5.86) earnings per share for the quarter. Air T had a net margin of 17.17% and a return on equity of 176.42%. The company had revenue of $115.46 million for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Air T stock. BlackRock Inc. bought a new position in Air T, Inc. (NASDAQ:AIRT – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,583 shares of the transportation company’s stock, valued at approximately $121,000. BlackRock Inc. owned 0.17% of Air T as of its most recent SEC filing. Institutional investors and hedge funds own 8.90% of the company’s stock.
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.