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

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

Air T Trading Down 1.9 %

NASDAQ AIRT opened at $20.61 on Monday. Air T has a fifty-two week low of $14.01 and a fifty-two week high of $28.95. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.66 and a current ratio of 1.93. The stock has a 50 day simple moving average of $23.52 and a two-hundred day simple moving average of $21.86. The stock has a market cap of $58.12 million, a P/E ratio of 55.70 and a beta of 1.02.

Institutional Investors Weigh In On Air T

Several institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley increased its holdings in shares of Air T by 2.2% in the 4th quarter. Morgan Stanley now owns 22,750 shares of the transportation company’s stock worth $562,000 after purchasing an additional 500 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Air T by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,569 shares of the transportation company’s stock valued at $441,000 after purchasing an additional 752 shares in the last quarter. DCF Advisers LLC lifted its position in Air T by 13.8% during the second quarter. DCF Advisers LLC now owns 13,650 shares of the transportation company’s stock valued at $225,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Air T by 4.5% during the third quarter. Vanguard Group Inc. now owns 53,347 shares of the transportation company’s stock valued at $913,000 after purchasing an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 26.38% of the company’s stock.

Air T Company Profile

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Air T, Inc is a holding company, which engages in the provision of overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other industrial equipment, and provides ground support equipment and facilities maintenance to airlines. It operates through the following segments: Overnight Air Cargo, Ground Equipment Sales, Ground Support Services, Printing Equipment & Maintenance, Commercial Aircrafts Engines & Parts, Printing Equipment & Maintenance and Corporate & Other.