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

Astronics Corp. (OTCMKTS:ATROB)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $70.27, but opened at $73.79. Astronics shares last traded at $73.79, with a volume of 100 shares traded.

Astronics Trading Up 1.3%

The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 3.07. The firm has a 50 day moving average price of $55.38 and a 200 day moving average price of $45.04. The stock has a market capitalization of $2.60 billion, a PE ratio of -811.02 and a beta of 0.97.

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

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.