Air T (NASDAQ:AIRT) Releases Quarterly Earnings Results

Air T (NASDAQ:AIRT) issued 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 Trading Up 1.1 %

AIRT traded up $0.22 during trading on Wednesday, hitting $20.27. 1,593 shares of the company’s stock were exchanged, compared to its average volume of 9,228. The stock has a 50 day moving average price of $20.34 and a 200 day moving average price 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 current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 13.44. The firm has a market cap of $55.95 million, a P/E ratio of -23.30 and a beta of 0.76.

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.