Air T (NASDAQ:AIRT) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Air T (NASDAQ:AIRT – Get Rating) in a report released on Wednesday. The brokerage set a “hold” rating on the transportation company’s stock.

Air T Trading Down 0.2 %

Shares of AIRT stock opened at $26.70 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 0.66 and a debt-to-equity ratio of 4.44. The stock has a market cap of $75.29 million, a P/E ratio of 72.16 and a beta of 1.04. The stock has a 50 day simple moving average of $24.27 and a 200 day simple moving average of $23.67. Air T has a 1 year low of $14.01 and a 1 year high of $28.95.

Institutional Investors Weigh In On Air T

Several institutional investors have recently made changes to their positions in AIRT. DCF Advisers LLC increased its holdings in Air T by 20.0% in the first quarter. DCF Advisers LLC now owns 12,000 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 1,996 shares during the period. Dimensional Fund Advisors LP increased its holdings in Air T by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,569 shares of the transportation company’s stock valued at $441,000 after purchasing an additional 752 shares during the period. Morgan Stanley increased its holdings in Air T by 2.2% in the fourth quarter. Morgan Stanley now owns 22,750 shares of the transportation company’s stock valued at $562,000 after purchasing an additional 500 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Air T by 4.5% in the third quarter. Vanguard Group Inc. now owns 53,347 shares of the transportation company’s stock valued at $913,000 after purchasing an additional 2,300 shares during the period. 26.38% of the stock is currently owned by institutional investors.

Air T Company Profile

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Air T, Inc is a holding company, which engages in the provision of overnight air freight service to the express delivery industry, manufactures and sells aircraft deicers and other industrial equipment, and provides ground support equipment and facilities maintenance to airlines. It operates through the following segments: Overnight Air Cargo, Ground Equipment Sales, Ground Support Services, Printing Equipment & Maintenance, Commercial Aircrafts Engines & Parts, Printing Equipment & Maintenance and Corporate & Other.