Astronics Corp. (ATRO) Sees Large Volume Increase
Astronics Corp. (NASDAQ:ATRO) saw an uptick in trading volume on Tuesday . 151,235 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 100,917 shares.The stock last traded at $44.85 and had previously closed at $44.46.
Several research firms recently commented on ATRO. Canaccord Genuity reiterated a “buy” rating on shares of Astronics Corp. in a research report on Thursday, August 4th. Dougherty & Co boosted their price objective on shares of Astronics Corp. from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. Finally, KeyCorp upgraded shares of Astronics Corp. from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th.
The stock has a market cap of $1.13 billion and a P/E ratio of 18.07. The stock’s 50-day moving average price is $39.94 and its 200-day moving average price is $36.69.
Astronics Corp. (NASDAQ:ATRO) last posted its earnings results on Wednesday, August 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The company earned $164.40 million during the quarter, compared to the consensus estimate of $162.17 million. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. Equities research analysts predict that Astronics Corp. will post $2.22 earnings per share for the current year.
In other Astronics Corp. news, Director John B. Drenning sold 5,000 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $43.47, for a total value of $217,350.00. Following the sale, the director now directly owns 52,039 shares in the company, valued at $2,262,135.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A hedge fund recently raised its stake in Astronics Corp. stock. New York State Common Retirement Fund increased its position in shares of Astronics Corp. (NASDAQ:ATRO) by 63.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,286 shares of the company’s stock after buying an additional 20,694 shares during the period. New York State Common Retirement Fund owned 0.21% of Astronics Corp. worth $2,169,000 as of its most recent SEC filing.
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.