Astronics (OTCMKTS:ATROB) Shares Gap Down – What’s Next?

Astronics Corp. (OTCMKTS:ATROB)’s share price gapped down before the market opened on Monday . The stock had previously closed at $70.12, but opened at $65.17. Astronics shares last traded at $65.17, with a volume of 325 shares traded.

Astronics Price Performance

The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39. The business’s fifty day moving average price is $73.83 and its 200 day moving average price is $57.45. The company has a market capitalization of $2.32 billion, a P/E ratio of 84.64 and a beta of 0.94.

Astronics (OTCMKTS:ATROB) last posted its quarterly earnings results on Tuesday, February 24th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.15. The firm had revenue of $240.07 million during the quarter, compared to analyst estimates of $237.11 million. Astronics had a net margin of 3.41% and a return on equity of 39.95%.

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.