Astronics (OTCMKTS:ATROB) Sees Large Volume Increase – Here’s Why
by Michael Walen · The Markets DailyShares of Astronics Corp. (OTCMKTS:ATROB – Get Free Report) saw an uptick in trading volume on Monday . 12,065 shares traded hands during mid-day trading, an increase of 623% from the previous session’s volume of 1,668 shares.The stock last traded at $70.00 and had previously closed at $64.95.
Astronics Trading Up 7.7%
The company has a market cap of $2.49 billion, a P/E ratio of -777.47 and a beta of 0.97. 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 business has a 50 day moving average price of $53.47 and a 200-day moving average price of $44.04.
Astronics (OTCMKTS:ATROB – Get Free Report) last issued its earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Astronics had a negative net margin of 0.37% and a positive return on equity of 29.65%. The business had revenue of $211.45 million for the quarter, compared to the consensus estimate of $212.08 million.
Astronics Company Profile
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.