Astronics (OTCMKTS:ATROB) Trading Down 10.2% – Here’s What Happened

Astronics Corp. (OTCMKTS:ATROB) dropped 10.2% on Wednesday . The company traded as low as $76.30 and last traded at $76.30. 25,298 shares changed hands during trading, an increase of 15% from the average daily volume of 21,919 shares. The stock had previously closed at $85.01.

Astronics Trading Up 1.1%

The stock has a fifty day moving average of $99.83 and a two-hundred day moving average of $79.38. The company has a market capitalization of $3.30 billion, a PE ratio of 78.10 and a beta of 1.09. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07.

Astronics (OTCMKTS:ATROB) last issued its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The company had revenue of $230.62 million for 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.