Air T, Inc. (NASDAQ:AIRT) Director Raymond E. Cabillot bought 4,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of $19.67 per share, with a total value of $88,515.00. Following the transaction, the director now owns 4,500 shares of the company’s stock, valued at approximately $88,515. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Air T stock traded down $0.19 during mid-day trading on Monday, reaching $19.76. 310 shares of the company’s stock traded hands, compared to its average volume of 2,990. The company has a market cap of $53.64 million, a price-to-earnings ratio of 17.62 and a beta of 1.26. The stock has a 50 day moving average of $18.62 and a two-hundred day moving average of $19.92. The company has a quick ratio of 0.87, 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 shares of Air T from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th.
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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