News coverage about Air T (NASDAQ:AIRT) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Air T earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 43.3224451670597 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
Separately, ValuEngine raised shares of Air T from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.
Shares of NASDAQ:AIRT traded down $0.55 during trading on Monday, reaching $24.75. The company had a trading volume of 100 shares, compared to its average volume of 2,539. The firm has a market cap of $50.54, a P/E ratio of 53.80 and a beta of 1.47. Air T has a twelve month low of $14.40 and a twelve month high of $34.83. The company has a current ratio of 2.49, a quick ratio of 1.52 and a debt-to-equity ratio of 1.40.
Air T (NASDAQ:AIRT) last issued its quarterly earnings results on Wednesday, February 14th. The transportation company reported ($0.33) earnings per share for the quarter. The company had revenue of $44.50 million during the quarter. Air T had a return on equity of 4.14% and a net margin of 0.51%.
In other Air T news, CEO Nicholas John Swenson bought 1,462 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was acquired at an average cost of $25.00 per share, with a total value of $36,550.00. Following the completion of the purchase, the chief executive officer now directly owns 40,307 shares in the company, valued at $1,007,675. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have purchased 7,397 shares of company stock valued at $195,100. Company insiders own 49.20% of the company’s stock.
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About Air T
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.
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