Air T (NASDAQ:AIRT) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Air T, Inc. (NASDAQ:AIRT)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $29.22 and traded as high as $30.65. Air T shares last traded at $29.90, with a volume of 11,446 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AIRT. Weiss Ratings cut shares of Air T from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 27th. Wall Street Zen upgraded shares of Air T to a “sell” rating in a research report on Saturday, September 19th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Air T has an average rating of “Hold”.

Air T Stock Performance

The firm has a market capitalization of $80.91 million, a price-to-earnings ratio of 1.28 and a beta of 0.25. The company has a 50-day moving average price of $29.12 and a 200-day moving average price of $25.58. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 3.55.

Air T (NASDAQ:AIRT) last posted its earnings results on Friday, November 13th. The transportation company reported ($7.48) EPS for the quarter. The business had revenue of $146.94 million during the quarter. Air T had a net margin of 17.17% and a return on equity of 176.42%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Air T stock. BlackRock Inc. acquired a new stake in shares of Air T, Inc. (NASDAQ:AIRT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,583 shares of the transportation company’s stock, valued at approximately $121,000. BlackRock Inc. owned approximately 0.17% of Air T as of its most recent SEC filing. 8.90% of the stock is currently owned by institutional investors and hedge funds.

Air T Company Profile

Air T, Inc. is a holding company with businesses focused on aviation and related services. Founded in 1980, the company operates through subsidiaries serving air cargo operators, airports and other aviation customers. Its overnight air cargo operations include regional feeder services that transport shipments between airports and major cargo hubs. Air T also provides ground support equipment, including aircraft deicing equipment, and offers aviation-related services such as aircraft maintenance and support.