Astronics (OTCMKTS:ATROB) Trading Up 18.2% – What’s Next?

Shares of Astronics Corp. (OTCMKTS:ATROB) shot up 18.2% during mid-day trading on Friday . The company traded as high as $97.00 and last traded at $97.00. 2,045 shares were traded during trading, an increase of 84% from the average session volume of 1,110 shares. The stock had previously closed at $82.05.

Astronics Trading Up 3.7%

The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63. The company’s 50 day moving average is $96.56 and its two-hundred day moving average is $76.63. The firm has a market cap of $3.48 billion, a P/E ratio of 82.20 and a beta of 1.09.

Astronics (OTCMKTS:ATROB) last released its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The business had revenue of $230.62 million during the quarter, compared to analysts’ expectations of $225.52 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.