Air T, Inc. (NASDAQ:AIRT) Director Raymond E. Cabillot acquired 953 shares of Air T stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $20,966.00. Following the purchase, the director now owns 5,641 shares of the company’s stock, valued at $124,102. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NASDAQ AIRT traded up $0.11 during trading on Tuesday, reaching $22.11. The company had a trading volume of 345 shares, compared to its average volume of 7,201. The stock has a market cap of $66.44 million, a P/E ratio of 21.92 and a beta of 1.25. The company’s fifty day moving average price is $19.76 and its 200-day moving average price is $19.42. The company has a quick ratio of 1.05, a current ratio of 1.77 and a debt-to-equity ratio of 1.90. Air T, Inc. has a 12 month low of $12.51 and a 12 month high of $24.50.
Separately, ValuEngine raised Air T from a “sell” rating to a “hold” rating in a research report on Monday, November 25th.
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, 2018, this segment had 79 aircrafts under the dry-lease agreements with FedEx.
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