Air T (AIRT) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Air T (NASDAQ:AIRT) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Shares of NASDAQ:AIRT opened at $24.75 on Monday. Air T has a one year low of $14.40 and a one year high of $34.83. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.49 and a quick ratio of 1.52. The stock has a market capitalization of $50.54, a PE ratio of 53.80 and a beta of 1.47.

Air T (NASDAQ:AIRT) last announced its earnings results on Wednesday, February 14th. The transportation company reported ($0.33) EPS for the quarter. Air T had a net margin of 0.51% and a return on equity of 4.14%. The business had revenue of $44.50 million during the quarter.

In other Air T news, CEO Nicholas John Swenson bought 1,100 shares of Air T stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $28.46 per share, with a total value of $31,306.00. Following the completion of the acquisition, the chief executive officer now owns 40,307 shares of the company’s stock, valued at $1,147,137.22. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought 7,397 shares of company stock valued at $195,100 over the last ninety days. Corporate insiders own 49.20% of the company’s stock.

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Air T Company Profile

Air T, Inc is a holding company. The Company operates through five segments: overnight air cargo, ground equipment sales, ground support services, printing equipment and maintenance, and leasing. The company’s overnight air cargo segment operates in the air express delivery services industry. The ground equipment sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the United States military and industrial customers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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