Astronics (OTCMKTS:ATROB) Shares Gap Up – Here’s Why

Astronics Corp. (OTCMKTS:ATROB) shares gapped up before the market opened on Monday . The stock had previously closed at $75.95, but opened at $84.86. Astronics shares last traded at $77.00, with a volume of 2,768 shares trading hands.

Astronics Stock Performance

The company has a market capitalization of $3.18 billion, a P/E ratio of 75.26 and a beta of 1.10. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The business’s fifty day simple moving average is $96.61 and its 200-day simple moving average is $81.80.

Astronics (OTCMKTS:ATROB) last released its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The business had revenue of $230.62 million during the quarter, compared to the consensus estimate 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.