Astronics (OTCMKTS:ATROB) Shares Up 21.5% – What’s Next?
by Doug Wharley · The Cerbat GemAstronics Corp. (OTCMKTS:ATROB – Get Free Report)’s stock price traded up 21.5% on Wednesday . The stock traded as high as $75.18 and last traded at $75.18. 100 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 1,453 shares. The stock had previously closed at $61.90.
Astronics Price Performance
The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 95.46 and a beta of 1.03. The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39. The stock’s fifty day moving average price is $71.75 and its 200-day moving average price is $60.25.
Astronics (OTCMKTS:ATROB – Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The aerospace company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.15. The firm had revenue of $240.07 million for the quarter, compared to analysts’ expectations of $237.11 million. Astronics had a return on equity of 39.95% and a net margin of 3.41%.
About Astronics
Astronics Corporation is a global provider of advanced technology solutions to the aerospace, defense and other high-reliability industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through both organic innovation and targeted acquisitions. Astronics delivers mission-critical products that enhance aircraft safety, passenger comfort and operational efficiency for major airframers, airlines and defense contractors worldwide.
The company’s product portfolio spans several key areas, including electrical power generation and management systems, LED cabin lighting and safety systems, connectivity and data solutions, and automated test equipment.