Air T (NASDAQ:AIRT) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Air T, Inc. (NASDAQ:AIRT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $21.62 and traded as high as $22.66. Air T shares last traded at $22.25, with a volume of 1,928 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Air T Trading Down 3.3%

The firm has a market cap of $60.08 million, a P/E ratio of -9.04 and a beta of 0.35. The firm’s 50 day moving average is $22.44 and its two-hundred day moving average is $21.62.

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

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.