Air T, Inc. (NASDAQ:AIRT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.90 and traded as low as $19.34. Air T shares last traded at $21.11, with a volume of 22,490 shares changing hands.
Air T Stock Performance
The stock has a market cap of $58.26 million, a price-to-earnings ratio of -24.26 and a beta of 0.75. The company has a debt-to-equity ratio of 13.44, a current ratio of 2.27 and a quick ratio of 1.14. The firm has a fifty day moving average of $18.38 and a 200 day moving average of $20.89.
Institutional Trading of Air T
An institutional investor recently raised its stake in Air T stock. Renaissance Technologies LLC lifted its position in Air T, Inc. (NASDAQ:AIRT - Free Report) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,511 shares of the transportation company's stock after purchasing an additional 1,600 shares during the quarter. Renaissance Technologies LLC owned about 4.29% of Air T worth $2,528,000 at the end of the most recent reporting period. 8.90% of the stock is currently owned by institutional investors.
Air T Company Profile
(
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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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