Astronics (OTCMKTS:ATROB) Stock Price Up 21.6% – Here’s What Happened

Astronics Corp. (OTCMKTS:ATROB) was up 21.6% on Wednesday . The company traded as high as $90.00 and last traded at $90.00. 4,954 shares were traded during mid-day trading, a decline of 87% from the average session volume of 38,367 shares. The stock had previously closed at $74.01.

Astronics Stock Up 16.2%

The firm has a market cap of $3.70 billion, a P/E ratio of 87.47 and a beta of 1.10. The business’s fifty day moving average price is $96.61 and its two-hundred day moving average price is $81.80. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07.

Astronics (OTCMKTS:ATROB) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $225.52 million.

About Astronics

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.