Air T (NASDAQ:AIRT) Stock Rating Upgraded by Wall Street Zen

Air T (NASDAQ:AIRT) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Air T from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Air T Price Performance

Shares of NASDAQ AIRT opened at $31.00 on Friday. Air T has a twelve month low of $18.35 and a twelve month high of $35.00. The stock’s 50 day moving average price is $29.68 and its 200-day moving average price is $25.06. The company has a market capitalization of $83.08 million, a PE ratio of 1.31 and a beta of 0.27. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 3.55.

Air T (NASDAQ:AIRT) last released its earnings results on Friday, August 14th. The transportation company reported ($5.86) earnings per share (EPS) for the quarter. The business had revenue of $115.46 million during the quarter. Air T had a net margin of 17.17% and a return on equity of 176.42%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Air T stock. BlackRock Inc. purchased a new position in Air T, Inc. (NASDAQ:AIRT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,583 shares of the transportation company’s stock, valued at approximately $121,000. BlackRock Inc. owned 0.17% of Air T at the end of the most recent quarter. 8.90% of the stock is currently owned by hedge funds and other institutional investors.

About Air T

Air T, Inc (NASDAQ:AIRT) is a diversified holding company focused on aviation and related services. Through its subsidiaries, the company provides overnight air cargo transportation, aircraft and ground support equipment, and aviation maintenance and support services.

Its air cargo operations are conducted primarily through Mountain Air Cargo, Inc, a contract carrier that transports express packages and other cargo for FedEx under long-term operating arrangements. Mountain Air Cargo serves domestic and regional markets using a fleet of turboprop aircraft.

Air T’s equipment businesses design, manufacture, sell and service ground support equipment used by airports, airlines and other aviation customers.