Air T, Inc. (NASDAQ:AIRT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.58 and traded as low as $19.84. Air T shares last traded at $20.35, with a volume of 12,029 shares traded.
Air T Stock Down 3.1 %
The firm's 50 day moving average price is $19.22 and its 200-day moving average price is $20.56. The company has a market cap of $54.40 million, a P/E ratio of -22.66 and a beta of 0.76. The company has a current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 13.44.
Institutional Investors Weigh In On Air T
A hedge fund recently raised its stake in Air T stock. Renaissance Technologies LLC lifted its stake in shares of Air T, Inc. (NASDAQ:AIRT - Free Report) by 1.4% in 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 period. Renaissance Technologies LLC owned 4.29% of Air T worth $2,528,000 at the end of the most recent quarter. 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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