Air T (NASDAQ:AIRT) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Air T, Inc. (NASDAQ:AIRT)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.55 and traded as low as $20.98. Air T shares last traded at $20.98, with a volume of 492 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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Air T Price Performance

The stock has a market cap of $56.65 million, a P/E ratio of -8.53 and a beta of 0.35. The firm’s fifty day moving average price is $22.19 and its two-hundred day moving average price is $21.55.

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

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.