News articles about Air T (NASDAQ:AIRT) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Air T earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 45.833427712085 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
Separately, ValuEngine raised Air T from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.
Shares of AIRT stock traded up $0.15 during mid-day trading on Friday, reaching $34.00. 3,946 shares of the stock traded hands, compared to its average volume of 1,987. Air T has a 1-year low of $14.40 and a 1-year high of $34.83. The firm has a market capitalization of $69.12 million, a price-to-earnings ratio of 73.59 and a beta of 1.48. The company has a current ratio of 2.49, a quick ratio of 1.52 and a debt-to-equity ratio of 1.40.
In other news, CEO Nicholas John Swenson purchased 1,550 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were purchased at an average cost of $29.68 per share, with a total value of $46,004.00. Following the completion of the purchase, the chief executive officer now owns 40,307 shares of the company’s stock, valued at approximately $1,196,311.76. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought 3,699 shares of company stock worth $107,594 over the last three months. Insiders own 49.20% of the company’s stock.
About Air T
Air T, Inc, together with its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2017, this segment had 80 aircrafts under the dry-lease agreements with FedEx.
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