Astronics (OTCMKTS:ATROB) Stock Falls 14.8% – Time to Sell?

Astronics Corp. (OTCMKTS:ATROB) shares dropped 14.8% on Monday. The stock traded as low as $50.00 and last traded at $50.00. 2,046 shares were traded during mid-day trading, a decline of 93% from the average session volume of 29,046 shares. The stock had previously closed at $58.70.

Wall Street Analyst Weigh In

Separately, KeyCorp raised shares of Astronics to a “hold” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Astronics has an average rating of “Hold”.

Astronics Price Performance

The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average price of $67.75 and a two-hundred day moving average price of $78.33. The firm has a market cap of $2.58 billion, a P/E ratio of 35.35 and a beta of 1.33.

About Astronics

Astronics Corporation is an aerospace and defense technology company that designs and manufactures specialized systems and products for the global aerospace industry. Its offerings support commercial transport, military and defense, business and general aviation, and space applications.

The company’s products include aircraft electrical power generation and distribution systems, lighting and cabin-management systems, in-flight entertainment and connectivity equipment, electronic and electromechanical systems, and advanced test systems used to evaluate aerospace equipment.