Somewhat Positive News Coverage Somewhat Unlikely to Affect Air T (AIRT) Share Price

Media coverage about Air T (NASDAQ:AIRT) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Air T earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 43.9010487527395 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

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Air T (NASDAQ AIRT) traded down $0.80 during midday trading on Tuesday, hitting $26.00. The stock had a trading volume of 100 shares, compared to its average volume of 2,657. The stock has a market capitalization of $54.73, a P/E ratio of 56.52 and a beta of 1.46. Air T has a 1-year low of $14.40 and a 1-year high of $34.83. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.52 and a current ratio of 2.49.

Air T (NASDAQ:AIRT) last released its earnings results on Wednesday, February 14th. The transportation company reported ($0.33) earnings per share for the quarter. The firm had revenue of $44.50 million during the quarter. Air T had a net margin of 0.51% and a return on equity of 4.14%.

In related news, CEO Nicholas John Swenson purchased 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $28.46 per share, with a total value of $31,306.00. Following the completion of the acquisition, the chief executive officer now owns 40,307 shares in the company, valued at $1,147,137.22. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary S. Kohler sold 51,827 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $24.75, for a total value of $1,282,718.25. The disclosure for this sale can be found here. In the last 90 days, insiders bought 59,636 shares of company stock worth $1,486,046. Company insiders own 49.20% of the company’s stock.

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About Air T

Air T, Inc is a holding company. The Company operates through five segments: overnight air cargo, ground equipment sales, ground support services, printing equipment and maintenance, and leasing. The company’s overnight air cargo segment operates in the air express delivery services industry. The ground equipment sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the United States military and industrial customers.

Insider Buying and Selling by Quarter for Air T (NASDAQ:AIRT)

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