Astronics (OTCMKTS:ATROB) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Astronics Corp. (OTCMKTS:ATROB)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $80.74 and traded as high as $426.75. Astronics shares last traded at $426.75, with a volume of 6 shares trading hands.

Astronics Stock Performance

The stock has a 50-day moving average of $80.74 and a 200-day moving average of $70.58. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 361.65 and a beta of 1.09. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97.

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, beating analysts’ consensus estimates of $0.56 by $0.03. Astronics had a return on equity of 49.34% and a net margin of 5.12%.The business had revenue of $230.62 million for the quarter, compared to analyst estimates of $225.52 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.