Air T (NASDAQ:AIRT) Issues Earnings Results

Air T (NASDAQ:AIRT) announced its earnings results on Wednesday. The transportation company reported ($0.47) earnings per share (EPS) for the quarter, Zacks reports. Air T had a negative return on equity of 35.95% and a negative net margin of 0.88%.

Air T Price Performance

AIRT traded up $0.22 during trading on Wednesday, reaching $20.27. The company’s stock had a trading volume of 1,594 shares, compared to its average volume of 9,228. The company has a market cap of $55.95 million, a price-to-earnings ratio of -23.30 and a beta of 0.76. The firm has a fifty day simple moving average of $20.34 and a two-hundred day simple moving average of $19.80. Air T has a 1 year low of $14.51 and a 1 year high of $30.60. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 13.44.

About Air T

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.