Astronics (OTCMKTS:ATROB) Shares Gap Down – Should You Sell?

Astronics Corp. (OTCMKTS:ATROB) shares gapped down before the market opened on Monday . The stock had previously closed at $97.00, but opened at $91.15. Astronics shares last traded at $73.00, with a volume of 3,133 shares.

Astronics Trading Down 1.9%

The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 67.20 and a beta of 1.09. The business’s 50-day simple moving average is $97.26 and its 200-day simple moving average is $76.98.

Astronics (OTCMKTS:ATROB) last announced its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $230.62 million during the quarter, compared to analysts’ expectations of $225.52 million. Astronics had a net margin of 5.12% and a return on equity of 49.34%.

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.