Investment analysts at StockNews.com started coverage on shares of Air T (NASDAQ:AIRT – Get Rating) in a research note issued to investors on Friday. The firm set a “hold” rating on the transportation company’s stock.
Air T Stock Performance
Shares of AIRT opened at $21.15 on Friday. The business’s 50 day moving average is $19.51 and its two-hundred day moving average is $17.43. Air T has a 52-week low of $14.01 and a 52-week high of $32.99. The firm has a market cap of $60.62 million, a price-to-earnings ratio of 6.67 and a beta of 1.23. The company has a quick ratio of 1.73, a current ratio of 4.66 and a debt-to-equity ratio of 5.45.
Air T (NASDAQ:AIRT – Get Rating) last announced its earnings results on Friday, August 12th. The transportation company reported ($0.50) earnings per share (EPS) for the quarter. Air T had a net margin of 4.82% and a return on equity of 39.45%. The business had revenue of $50.86 million during the quarter.
Institutional Investors Weigh In On Air T
A hedge fund recently raised its stake in Air T stock. DCF Advisers LLC raised its stake in Air T, Inc. (NASDAQ:AIRT – Get Rating) by 13.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,650 shares of the transportation company’s stock after buying an additional 1,650 shares during the quarter. DCF Advisers LLC owned approximately 0.48% of Air T worth $225,000 as of its most recent SEC filing. 10.49% of the stock is owned by institutional investors.
About Air T
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 company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2022, this segment had 72 aircraft under the dry-lease agreements with FedEx.
- Get a free copy of the StockNews.com research report on Air T (AIRT)
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