Air T (NASDAQ:AIRT) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Air T, Inc. (NASDAQ:AIRT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.41 and traded as high as $22.30. Air T shares last traded at $22.30, with a volume of 1,211 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Air T in a report on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Air T presently has a consensus rating of “Sell”.

Air T Stock Up 4.9%

The firm has a market cap of $60.21 million, a P/E ratio of -9.07 and a beta of 0.32. The firm’s 50-day moving average price is $21.92 and its 200 day moving average price is $21.41.

Air T Company Profile

Air T, Inc (NASDAQ: AIRT) is a U.S.-based telecommunications company specializing in prepaid and pay-as-you-go voice and data services. Headquartered in Boca Raton, Florida, Air T offers a mix of retail and wholesale solutions designed to connect end users and enterprise customers across domestic and international markets. The company’s product portfolio includes prepaid wireless plans, long-distance calling services, roaming arrangements, calling cards and VoIP solutions.

Through proprietary networks and strategic partnerships with major carriers, Air T provides voice and data connectivity under subscription-free and subscription-based models.