Astronics (OTCMKTS:ATROB) Sees Unusually-High Trading Volume – Still a Buy?

Astronics Corp. (OTCMKTS:ATROB) shares saw an uptick in trading volume on Tuesday . 48,997 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 32,065 shares.The stock last traded at $70.34 and had previously closed at $71.17.

Astronics Stock Up 1.7%

The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 2.07. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 71.97 and a beta of 1.09. The stock has a fifty day moving average price of $99.55 and a two-hundred day moving average price of $80.11.

Astronics (OTCMKTS:ATROB) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.59 EPS 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 for the quarter, compared to the consensus estimate 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.