Air T (NASDAQ:AIRT) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Air T (NASDAQ:AIRTFree Report) to a sell rating in a research report sent 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 MarketBeat, the company has an average rating of “Hold”.

Read Our Latest Report on Air T

Air T Trading Up 4.0%

NASDAQ AIRT opened at $31.00 on Friday. The company has a fifty day simple moving average of $29.68 and a two-hundred day simple moving average of $25.03. The stock has a market cap of $83.08 million, a P/E ratio of 1.31 and a beta of 0.27. Air T has a 12-month low of $18.35 and a 12-month high of $35.00. The company has a current ratio of 1.43, a quick ratio of 0.61 and a debt-to-equity ratio of 3.55.

Air T (NASDAQ:AIRTGet Free Report) last announced its quarterly earnings data on Friday, August 14th. The transportation company reported ($5.86) earnings per share for the quarter. The company had revenue of $115.46 million for the quarter. Air T had a net margin of 17.17% and a return on equity of 176.42%.

Hedge Funds Weigh In On Air T

An institutional investor recently bought a new stake in Air T stock. BlackRock Inc. purchased a new stake in shares of Air T, Inc. (NASDAQ:AIRTFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,583 shares of the transportation company’s stock, valued at approximately $121,000. BlackRock Inc. owned approximately 0.17% of Air T at the end of the most recent quarter. 8.90% of the stock is currently owned by institutional investors.

Air T Company Profile

(Get Free Report)

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.

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