Astronics (OTCMKTS:ATROB) Shares Down 6.7% – Should You Sell?

Astronics Corp. (OTCMKTS:ATROB)’s share price traded down 6.7% on Wednesday . The company traded as low as $73.00 and last traded at $73.00. 101 shares traded hands during trading, a decline of 92% from the average session volume of 1,289 shares. The stock had previously closed at $78.25.

Astronics Stock Performance

The company has a market cap of $2.46 billion, a PE ratio of 89.61 and a beta of 1.03. The business has a 50 day simple moving average of $71.58 and a two-hundred day simple moving average of $62.38. The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39.

Astronics (OTCMKTS:ATROB) last issued its earnings results on Tuesday, February 24th. The aerospace company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.15. The business had revenue of $240.07 million for the quarter, compared to analyst estimates of $237.11 million. Astronics had a return on equity of 39.95% and a net margin of 3.41%.

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.