Astronics (OTCMKTS:ATROB) Sees Strong Trading Volume – Still a Buy?

Astronics Corp. (OTCMKTS:ATROB) shares saw an uptick in trading volume on Thursday . 2,920 shares traded hands during mid-day trading, an increase of 173% from the previous session’s volume of 1,070 shares.The stock last traded at $54.00 and had previously closed at $51.30.

Astronics Stock Performance

The company has a market cap of $1.95 billion, a PE ratio of -607.93 and a beta of 0.99. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.56 and a current ratio of 2.87. The stock’s 50-day simple moving average is $49.79 and its 200 day simple moving average is $40.43.

Astronics (OTCMKTS:ATROB) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $211.45 million for the quarter, compared to analyst estimates of $212.08 million. Astronics had a negative net margin of 0.37% and a positive return on equity of 29.65%.

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.