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

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 $23.01 and traded as high as $28.28. Air T shares last traded at $28.06, with a volume of 6,951 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Air T in a research report on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Air T Stock Up 0.2%

The company’s 50 day moving average price is $24.79 and its two-hundred day moving average price is $23.01. The company has a quick ratio of 0.87, a current ratio of 1.67 and a debt-to-equity ratio of 2.53. The stock has a market cap of $75.48 million, a P/E ratio of 0.97 and a beta of 0.30.

Air T (NASDAQ:AIRT) last announced its quarterly earnings data on Monday, June 29th. The transportation company reported $28.75 earnings per share (EPS) for the quarter. The company had revenue of $120.94 million for the quarter. Air T had a return on equity of 416.49% and a net margin of 23.84%.

About Air T

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.