Air T (NASDAQ:AIRT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Air T (NASDAQ:AIRT – Get Rating) in a research report issued on Monday. The firm set a “hold” rating on the transportation company’s stock.

Air T Trading Down 6.3 %

Air T stock opened at $25.50 on Monday. The firm has a 50 day simple moving average of $23.71 and a 200-day simple moving average of $19.75. The company has a debt-to-equity ratio of 4.51, a current ratio of 2.00 and a quick ratio of 0.81. The stock has a market capitalization of $72.50 million, a PE ratio of 182.16 and a beta of 1.16. Air T has a 12-month low of $14.01 and a 12-month high of $29.53.

Air T (NASDAQ:AIRT – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $60.69 million during the quarter. Air T had a net margin of 0.20% and a return on equity of 6.63%.

Institutional Trading of Air T

An institutional investor recently raised its position in Air T stock. Vanguard Group Inc. raised its holdings in shares of Air T, Inc. (NASDAQ:AIRT – Get Rating) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,347 shares of the transportation company’s stock after buying an additional 2,300 shares during the period. Vanguard Group Inc. owned about 1.88% of Air T worth $913,000 as of its most recent SEC filing. 26.38% of the stock is owned by institutional investors and hedge funds.

Air T Company Profile

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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 company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx.