Air T Inc (NASDAQ: AIRT) has reported E.P.S. of $-0.61 for its fourth fiscal quarter (ending March 31) versus $-3.15 for the same period a year ago. E.P.S. were $-2.42 for the latest four quarters through March 31 versus $-4.32 for the same period a year ago.
Recent Price Action
On 6/27/24, Air T Inc (NASDAQ: AIRT) stock suffered a large decline of -9.4%, closing at $21.58. Moreover, this decline was accompanied by exceptionally high trading volume at 297% of normal. Relative to the market the stock has been strong over the last nine months but has declined -9.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AIRT is expected to be Value Creation neutral.
Air T has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Air T has a very low Appreciation Score of 4 but a slightly positive Power Rating of 68, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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