Somewhat Positive News Coverage Somewhat Unlikely to Affect Air T (AIRT) Share Price

Media stories about Air T (NASDAQ:AIRT) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Air T earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 44.6364334705688 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Air T (AIRT) traded down $1.30 during midday trading on Friday, hitting $29.95. The company’s stock had a trading volume of 2,300 shares, compared to its average volume of 5,875. The company has a market capitalization of $61.18, a PE ratio of 21.55 and a beta of 1.01. Air T has a 52 week low of $14.40 and a 52 week high of $34.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.06 and a quick ratio of 1.26.

Air T (NASDAQ:AIRT) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.47 earnings per share (EPS) for the quarter. Air T had a return on equity of 10.93% and a net margin of 1.41%.

In other Air T news, Director Gary S. Kohler sold 51,827 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $24.75, for a total transaction of $1,282,718.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nicholas John Swenson bought 52,742 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were purchased at an average cost of $24.74 per share, for a total transaction of $1,304,837.08. Following the completion of the purchase, the chief executive officer now owns 40,307 shares in the company, valued at $997,195.18. The disclosure for this purchase can be found here. Insiders acquired 66,500 shares of company stock worth $1,625,836 in the last ninety days. 49.20% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Air T (NASDAQ:AIRT)

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