Air T (NASDAQ:AIRT) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Air T, Inc. (NASDAQ:AIRT) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.93 and traded as high as $22.19. Air T shares last traded at $22.02, with a volume of 754 shares traded.

Wall Street Analysts Forecast Growth

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

Air T Trading Down 0.0%

The firm has a market cap of $59.45 million, a P/E ratio of -8.95 and a beta of 0.38. The business’s fifty day simple moving average is $21.92 and its 200-day simple moving average is $21.93.

Air T (NASDAQ:AIRT) last issued its quarterly earnings data 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 $71.13 million during 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.