Astronics (OTCMKTS:ATROB) Shares Gap Down – What’s Next?
by Amy Steele · The Cerbat GemAstronics Corp. (OTCMKTS:ATROB – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $78.25, but opened at $75.01. Astronics shares last traded at $75.00, with a volume of 200 shares changing hands.
Astronics Stock Performance
The company has a market capitalization of $2.46 billion, a P/E ratio of 89.61 and a beta of 1.03. The business has a 50-day moving average of $71.71 and a 200-day moving average of $62.33. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 1.71.
Astronics (OTCMKTS:ATROB – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The aerospace company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.15. Astronics had a net margin of 3.41% and a return on equity of 39.95%. The business had revenue of $240.07 million for the quarter, compared to analysts’ expectations of $237.11 million.
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.