Air T (NASDAQ:AIRT) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Air T, Inc. (NASDAQ:AIRT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.96 and traded as high as $23.68. Air T shares last traded at $23.3450, with a volume of 2,080 shares.

Analyst Ratings Changes

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

Air T Trading Down 1.4%

The company has a 50 day simple moving average of $21.09 and a two-hundred day simple moving average of $21.96. The firm has a market capitalization of $63.03 million, a P/E ratio of -9.49 and a beta of 0.39.

Air T (NASDAQ:AIRT) last released its earnings results on Friday, February 13th. The transportation company reported ($0.91) EPS for the quarter. Air T had a negative return on equity of 1,441.13% and a negative net margin of 2.48%.The company had revenue of $65.95 million during the quarter.

About Air T

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.