Astronics (OTCMKTS:ATROB) Shares Gap Up – Here’s What Happened
by Jessica Moore · The Cerbat GemAstronics Corp. (OTCMKTS:ATROB – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $70.27, but opened at $73.79. Astronics shares last traded at $73.79, with a volume of 100 shares changing hands.
Astronics Stock Performance
The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 3.07. The firm has a 50-day moving average of $54.86 and a 200 day moving average of $44.67. The stock has a market capitalization of $2.61 billion, a P/E ratio of -813.58 and a beta of 0.97.
Astronics (OTCMKTS:ATROB – Get Free Report) last announced its earnings results on Tuesday, November 4th. The aerospace company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. Astronics had a positive return on equity of 29.65% and a negative net margin of 0.37%.The company had revenue of $211.45 million for the quarter, compared to analysts’ expectations of $212.08 million.
Astronics Company Profile
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.