Astronics (OTCMKTS:ATROB) Shares Gap Up – Still a Buy?

Astronics Corp. (OTCMKTS:ATROB)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $82.05, but opened at $86.05. Astronics shares last traded at $87.80, with a volume of 251 shares trading hands.

Astronics Trading Up 8.4%

The company has a 50 day moving average of $95.93 and a two-hundred day moving average of $76.32. 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 stock has a market cap of $3.19 billion, a PE ratio of 75.41 and a beta of 1.09.

Astronics (OTCMKTS:ATROB) last posted its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. Astronics had a return on equity of 49.34% and a net margin of 5.12%.The company had revenue of $230.62 million during the quarter, compared to analyst estimates 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.