Astronics (OTCMKTS:ATROB) Shares Down 6.7% – What’s Next?

Astronics Corp. (OTCMKTS:ATROB) fell 6.7% during trading on Wednesday . The company traded as low as $73.00 and last traded at $73.00. 101 shares were traded during mid-day trading, a decline of 92% from the average session volume of 1,289 shares. The stock had previously closed at $78.25.

Astronics Stock Down 2.7%

The stock has a 50-day moving average price of $71.69 and a 200-day moving average price of $62.26. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 1.71. The company has a market capitalization of $2.61 billion, a P/E ratio of 94.81 and a beta of 1.03.

Astronics (OTCMKTS:ATROB) last released its earnings results on Tuesday, February 24th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates 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.