Astronics (OTCMKTS:ATROB) Trading Down 10.2% – Should You Sell?

Astronics Corp. (OTCMKTS:ATROB)’s share price was down 10.2% on Wednesday . The company traded as low as $76.30 and last traded at $76.30. Approximately 25,298 shares traded hands during trading, an increase of 15% from the average session volume of 21,919 shares. The stock had previously closed at $85.01.

Astronics Price Performance

The business’s 50 day moving average is $99.83 and its 200-day moving average is $79.38. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $3.30 billion, a P/E ratio of 78.10 and a beta of 1.09.

Astronics (OTCMKTS:ATROB) last issued its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Astronics had a return on equity of 49.34% and a net margin of 5.12%.The firm 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.