Air T (NASDAQ:AIRT) Shares Cross Below 200-Day Moving Average – Should You Sell?

Air T, Inc. (NASDAQ:AIRTGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.57 and traded as low as $21.00. Air T shares last traded at $19.6330, with a volume of 186 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Air T in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Air T currently has a consensus rating of “Sell”.

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Air T Stock Performance

The stock’s 50-day simple moving average is $22.99 and its two-hundred day simple moving average is $21.57. The stock has a market cap of $53.07 million, a price-to-earnings ratio of -7.22 and a beta of 0.73.

About Air T

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Air T, Inc, through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The Overnight Air Cargo segment offers air express delivery services. As of March 31, 2023, this segment had 85 aircraft under the dry-lease agreements with FedEx.

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