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

Air T, Inc. (NASDAQ:AIRT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.75 and traded as high as $21.97. Air T shares last traded at $21.80, with a volume of 3,677 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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 MarketBeat.com, the stock has a consensus rating of “Sell”.

Air T Trading Down 0.8%

The company’s fifty day moving average is $22.54 and its 200 day moving average is $21.75. The company has a market capitalization of $58.86 million, a P/E ratio of -8.86 and a beta of 0.38.

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

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.