Air T (NASDAQ:AIRT) Announces Quarterly Earnings Results

Air T (NASDAQ:AIRT) announced its quarterly earnings results on Wednesday. The transportation company reported ($0.47) earnings per share 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 NASDAQ:AIRT opened at $20.27 on Thursday. Air T has a 12 month low of $14.51 and a 12 month high of $30.60. The company’s fifty day simple moving average is $20.34 and its 200 day simple moving average is $19.80. The company has a debt-to-equity ratio of 13.44, a quick ratio of 1.14 and a current ratio of 2.27.

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.