Air T, Inc. (NASDAQ:AIRT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.69 and traded as low as $20.07. Air T shares last traded at $20.75, with a volume of 11,787 shares changing hands.
Air T Price Performance
The stock has a fifty day moving average of $18.90 and a 200-day moving average of $20.67. The firm has a market capitalization of $55.06 million, a P/E ratio of -22.93 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
A hedge fund recently raised its stake in Air T stock. Renaissance Technologies LLC raised its position in Air T, Inc. (NASDAQ:AIRT - Free Report) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 118,511 shares of the transportation company's stock after buying an additional 1,600 shares during the period. Renaissance Technologies LLC owned about 4.29% of Air T worth $2,528,000 as of its most recent filing with the SEC. Institutional investors own 8.90% of the company's stock.
About Air T
(
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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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