Air T (NASDAQ:AIRT – Get Free Report) posted its quarterly earnings data on Wednesday. The transportation company reported ($0.60) earnings per share for the quarter, reports. The company had revenue of $72.68 million during the quarter. Air T had a negative net margin of 4.91% and a negative return on equity of 87.44%.
Air T Stock Down 9.4 %
Air T stock opened at $21.58 on Friday. The company’s 50 day simple moving average is $24.49 and its 200 day simple moving average is $20.23. Air T has a fifty-two week low of $12.53 and a fifty-two week high of $27.68. The firm has a market capitalization of $60.90 million, a price-to-earnings ratio of -8.92 and a beta of 0.74. The company has a debt-to-equity ratio of 10.49, a current ratio of 1.99 and a quick ratio of 0.79.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Air T in a research note on Monday, April 15th. They issued a “hold” rating on the stock.
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 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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