Renaissance Technologies LLC Acquires 1,600 Shares of Air T, Inc. (NASDAQ:AIRT)

Renaissance Technologies LLC boosted its holdings in shares of Air T, Inc. (NASDAQ:AIRT) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,511 shares of the transportation company’s stock after purchasing an additional 1,600 shares during the quarter. Renaissance Technologies LLC owned about 4.29% of Air T worth $2,528,000 at the end of the most recent quarter.

Air T Trading Up 6.7 %

Shares of AIRT opened at $17.25 on Wednesday. The firm has a market cap of $47.61 million, a P/E ratio of -7.13 and a beta of 0.74. The company has a debt-to-equity ratio of 19.44, a current ratio of 2.15 and a quick ratio of 0.92. Air T, Inc. has a 1 year low of $12.53 and a 1 year high of $30.60. The company has a 50 day simple moving average of $21.76 and a two-hundred day simple moving average of $23.05.

Air T (NASDAQ:AIRT) last issued its quarterly earnings data on Wednesday, August 14th. The transportation company reported ($0.12) earnings per share for the quarter. Air T had a negative net margin of 2.35% and a negative return on equity of 88.61%. The firm had revenue of $66.41 million for the quarter.

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.