Air T (NASDAQ:AIRT) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Air T, Inc. (NASDAQ:AIRT) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.89 and traded as low as $19.60. Air T shares last traded at $19.69, with a volume of 1,283 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Air T in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Air T Stock Performance

The stock has a market cap of $53.16 million, a PE ratio of -9.75 and a beta of 0.43. The business has a 50 day moving average price of $20.04 and a two-hundred day moving average price of $21.89.

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