Astronics (OTCMKTS:ATROB) Sees Strong Trading Volume – Should You Buy?

Astronics Corp. (OTCMKTS:ATROB) shares saw an uptick in trading volume on Thursday . 2,920 shares changed 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 Trading Up 6.8%

The business’s 50 day simple moving average is $49.45 and its two-hundred day simple moving average is $40.15. The stock has a market cap of $1.95 billion, a P/E ratio of -608.82 and a beta of 0.99. The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 3.07.

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

Astronics Company Profile

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.