Astronics (OTCMKTS:ATROB) Shares Gap Up Following Better-Than-Expected Earnings

Astronics Corp. (OTCMKTS:ATROB) gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $68.55, but opened at $80.00. Astronics shares last traded at $80.00, with a volume of 186 shares.

The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $230.62 million for the quarter, compared to the consensus estimate of $225.52 million. Astronics had a return on equity of 39.95% and a net margin of 3.41%.

Astronics Trading Up 10.8%

The business has a 50-day simple moving average of $70.00 and a two-hundred day simple moving average of $64.35. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 103.90 and a beta of 1.04. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 1.71.

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.