Astronics (OTCMKTS:ATROB) Shares Gap Down – Here’s What Happened

Astronics Corp. (OTCMKTS:ATROB)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $70.26, but opened at $66.11. Astronics shares last traded at $72.90, with a volume of 2,384 shares changing hands.

Astronics Trading Up 2.9%

The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07. The company has a 50-day simple moving average of $99.64 and a 200 day simple moving average of $81.15. The firm has a market cap of $3.11 billion, a PE ratio of 73.53 and a beta of 1.09.

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. The firm had revenue of $230.62 million during the quarter, compared to analyst estimates of $225.52 million. Astronics had a net margin of 5.12% and a return on equity of 49.34%.

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.