Air T (NASDAQ:AIRT) Announces Quarterly Earnings Results

Air T (NASDAQ:AIRT) issued its quarterly earnings results on Friday. The transportation company reported ($0.91) earnings per share for the quarter, FiscalAI reports. Air T had a negative net margin of 2.01% and a negative return on equity of 1,441.13%. The business had revenue of $65.95 million during the quarter.

Air T Stock Up 1.4%

Shares of AIRT stock traded up $0.34 during trading hours on Friday, reaching $23.69. 1,731 shares of the stock traded hands, compared to its average volume of 2,838. The business has a fifty day moving average price of $20.92 and a 200 day moving average price of $21.96. Air T has a 1-year low of $14.56 and a 1-year high of $26.70. The firm has a market capitalization of $63.95 million, a PE ratio of -11.73 and a beta of 0.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Air T in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Air T has a consensus rating of “Sell”.

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.