Air T, Inc. (NASDAQ:AIRT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.35 and traded as low as $19.80. Air T shares last traded at $19.85, with a volume of 9,991 shares.
Air T Trading Down 0.4 %
The company's fifty day simple moving average is $20.09 and its 200-day simple moving average is $20.35. The firm has a market capitalization of $54.57 million, a PE ratio of -22.72 and a beta of 0.76. The company has a debt-to-equity ratio of 13.44, a current ratio of 2.27 and a quick ratio of 1.14.
Air T (NASDAQ:AIRT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The transportation company reported $0.91 earnings per share for the quarter. Air T had a negative net margin of 0.88% and a negative return on equity of 35.95%. The firm had revenue of $81.24 million for the quarter.
Institutional Trading of Air T
A hedge fund recently raised its stake in Air T stock. Renaissance Technologies LLC grew its holdings in shares of Air T, Inc. (NASDAQ:AIRT - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,511 shares of the transportation company's stock after purchasing an additional 1,600 shares during the quarter. Renaissance Technologies LLC owned approximately 4.29% of Air T worth $2,528,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.90% of the company's stock.
About Air T
(
Get Free Report)
Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.
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