Astronics (OTCMKTS:ATROB) Hits New 52-Week High – What’s Next?

Shares of Astronics Corp. (OTCMKTS:ATROB) hit a new 52-week high during trading on Tuesday . The company traded as high as $91.15 and last traded at $76.60, with a volume of 42566 shares traded. The stock had previously closed at $80.8333.

Astronics Price Performance

The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The firm has a market capitalization of $3.42 billion, a P/E ratio of 80.86 and a beta of 1.09. The stock’s 50 day simple moving average is $98.18 and its 200 day simple moving average is $77.53.

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 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.