Shares of Air T, Inc. (NASDAQ:AIRT - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.45 and traded as high as $20.51. Air T shares last traded at $20.06, with a volume of 9,167 shares.
Air T Price Performance
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 company has a 50-day simple moving average of $19.75 and a 200-day simple moving average of $20.45. The stock has a market cap of $55.61 million, a PE ratio of -23.16 and a beta of 0.76.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Air T stock. Renaissance Technologies LLC grew its holdings in Air T, Inc. (NASDAQ:AIRT - Free Report) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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. 8.90% of the stock is owned by institutional investors and hedge funds.
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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