Air T (NASDAQ:AIRT) Announces Earnings Results

Air T (NASDAQ:AIRT) released 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 net margin of 0.88% and a negative return on equity of 35.95%.

Air T Stock Up 1.1 %

Shares of AIRT traded up $0.22 during midday trading on Wednesday, reaching $20.27. The 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 company’s fifty day simple moving average is $20.34 and its two-hundred day simple moving average is $19.80. Air T has a 1-year low of $14.51 and a 1-year high of $30.60. The company has a debt-to-equity ratio of 13.44, a current ratio of 2.27 and a quick ratio of 1.14.

Air T Company Profile

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.