Astronics (OTCMKTS:ATROB) Shares Gap Down – Here’s What Happened

Shares of Astronics Corp. (OTCMKTS:ATROB) gapped down prior to trading on Friday . The stock had previously closed at $50.55, but opened at $44.05. Astronics shares last traded at $46.50, with a volume of 352 shares trading hands.

Astronics Trading Down 8.0%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.63 and a current ratio of 3.04. The business has a fifty day simple moving average of $46.65 and a 200 day simple moving average of $37.74. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -387.47 and a beta of 1.47.

Astronics (OTCMKTS:ATROB) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $211.45 million during the quarter, compared to analysts’ expectations of $212.08 million. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.