Air T (NASDAQ:AIRT) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Air T, Inc. (NASDAQ:AIRTGet Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $22.65 and traded as high as $31.99. Air T shares last traded at $28.00, with a volume of 6,913 shares changing hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on Air T

Air T Price Performance

The stock has a market capitalization of $72.87 million, a PE ratio of 0.94 and a beta of 0.30. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.67 and a quick ratio of 0.87. The stock’s fifty day moving average is $22.90 and its 200-day moving average is $22.17.

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

About Air T

(Get Free Report)

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.

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