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

Astronics Corp. (OTCMKTS:ATROB)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $54.20, but opened at $58.34. Astronics shares last traded at $58.34, with a volume of 734 shares changing hands.

Astronics Stock Performance

The company has a fifty day moving average of $52.43 and a two-hundred day moving average of $43.18. The stock has a market capitalization of $2.08 billion, a P/E ratio of -648.15 and a beta of 0.97. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.87 and a quick ratio of 1.56.

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

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.