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 Wednesday . The stock has a 200-day moving average of $21.67 and traded as high as $22.65. Air T shares last traded at $21.68, with a volume of 2,577 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Air T in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Air T Stock Performance

The stock has a 50 day moving average price of $22.54 and a two-hundred day moving average price of $21.67. The company has a market capitalization of $58.54 million, a PE ratio of -8.81 and a beta of 0.35.

Air T (NASDAQ:AIRT) last posted its quarterly earnings results on Friday, February 13th. The transportation company reported ($0.91) earnings per share for the quarter. Air T had a negative return on equity of 1,441.13% and a negative net margin of 2.48%.The firm had revenue of $71.13 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.