Astronics (OTCMKTS:ATROB) Reaches New 52-Week High – Here’s Why

Astronics Corp. (OTCMKTS:ATROB)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $55.81 and last traded at $55.81, with a volume of 1490 shares. The stock had previously closed at $54.20.

Astronics Trading Up 5.0%

The company has a market cap of $2.03 billion, a PE ratio of -632.26 and a beta of 0.97. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.56 and a current ratio of 2.87. The company has a 50 day simple moving average of $52.06 and a two-hundred day simple moving average of $42.59.

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

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.