Air T (NASDAQ:AIRT – Get Free Report) posted its earnings results on Wednesday. The transportation company reported ($0.60) earnings per share (EPS) for the quarter, reports. Air T had a negative net margin of 4.91% and a negative return on equity of 87.44%. The business had revenue of $72.68 million for the quarter.
Air T Price Performance
AIRT opened at $21.58 on Friday. Air T has a 52-week low of $12.53 and a 52-week high of $27.68. The stock has a market capitalization of $60.90 million, a PE ratio of -8.92 and a beta of 0.74. The company has a debt-to-equity ratio of 10.49, a quick ratio of 0.79 and a current ratio of 1.99. The stock’s 50 day moving average price is $24.49 and its 200-day moving average price is $20.23.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Air T in a research note on Monday, April 15th. They set 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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