Astronics (OTCMKTS:ATROB) Trading Up 21.6% – Time to Buy?

Astronics Corp. (OTCMKTS:ATROB) shares were up 21.6% on Wednesday . The stock traded as high as $90.00 and last traded at $90.00. Approximately 4,954 shares were traded during trading, a decline of 87% from the average daily volume of 38,367 shares. The stock had previously closed at $74.01.

Astronics Stock Performance

The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63. The firm has a market capitalization of $3.70 billion, a PE ratio of 87.47 and a beta of 1.10. The firm has a fifty day moving average price of $96.61 and a 200 day moving average price of $81.80.

Astronics (OTCMKTS:ATROB) last posted its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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.