Astronics (OTCMKTS:ATROB) Sees Strong Trading Volume – Time to Buy?

by · The Cerbat Gem

Astronics Corp. (OTCMKTS:ATROB – Get Free Report) saw an uptick in trading volume on Friday . 3,605 shares changed hands during mid-day trading, an increase of 238% from the previous session’s volume of 1,065 shares.The stock last traded at $52.28 and had previously closed at $54.72.

Astronics Stock Down 0.9%

The company’s 50 day moving average price is $50.45 and its two-hundred day moving average price is $41.08. The company has a current ratio of 2.87, a quick ratio of 1.56 and a debt-to-equity ratio of 3.07. The firm has a market cap of $1.93 billion, a PE ratio of -602.49 and a beta of 0.99.

Astronics (OTCMKTS:ATROB – Get Free Report) last announced its earnings results on Tuesday, November 4th. The aerospace company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $211.45 million for the quarter, compared to analysts’ expectations of $212.08 million. Astronics had a positive return on equity of 29.65% and a negative net margin of 0.37%.

About Astronics

(Get Free Report)

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.

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