Air T, Inc. (NASDAQ:AIRT - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.09 and traded as low as $20.95. Air T shares last traded at $21.38, with a volume of 22,939 shares changing hands.
Air T Trading Down 2.9 %
The company's fifty day moving average price is $18.04 and its two-hundred day moving average price is $21.09. The company has a market cap of $57.30 million, a price-to-earnings ratio of -24.14 and a beta of 0.75. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 13.44.
Institutional Trading of Air T
An institutional investor recently raised its position in Air T stock. Renaissance Technologies LLC increased its holdings in shares of Air T, Inc. (NASDAQ:AIRT - Free Report) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,511 shares of the transportation company's stock after purchasing an additional 1,600 shares during the period. 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 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.
Further Reading
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