Air T (NASDAQ:AIRT) Issues Earnings Results

Air T (NASDAQ:AIRT) issued its earnings results on Friday. The transportation company reported ($5.86) EPS for the quarter, FiscalAI reports. The firm had revenue of $115.46 million during the quarter. Air T had a net margin of 23.84% and a return on equity of 416.49%.

Air T Stock Performance

AIRT stock traded up $0.43 during mid-day trading on Friday, hitting $29.43. The company had a trading volume of 5,109 shares, compared to its average volume of 17,390. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.87 and a current ratio of 1.67. The firm has a market cap of $79.17 million, a PE ratio of 1.02 and a beta of 0.27. Air T has a 12 month low of $18.35 and a 12 month high of $35.00. The stock’s fifty day moving average price is $26.61 and its two-hundred day moving average price is $23.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Air T in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Air T

A hedge fund recently bought a new position in Air T stock. BlackRock Inc. purchased a new position in shares of Air T, Inc. (NASDAQ:AIRT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,583 shares of the transportation company’s stock, valued at approximately $121,000. BlackRock Inc. owned 0.17% of Air T as of its most recent filing with the SEC. Institutional investors own 8.90% of the company’s stock.

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.