Air T (NASDAQ:AIRT) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Air T, Inc. (NASDAQ:AIRT) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.01 and traded as low as $18.75. Air T shares last traded at $19.6650, with a volume of 2,247 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Air T in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Air T Trading Up 2.2%

The company has a market capitalization of $53.10 million, a PE ratio of -9.74 and a beta of 0.71. The company’s 50 day moving average price is $20.79 and its 200-day moving average price is $22.01.

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

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.