Astronics (OTCMKTS:ATROB) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Astronics Corp. (OTCMKTS:ATROB) saw unusually-strong trading volume on Wednesday . Approximately 5,078 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 3,482 shares.The stock last traded at $75.17 and had previously closed at $75.18.

Astronics Stock Up 4.4%

The firm has a market capitalization of $3.38 billion, a P/E ratio of 79.81 and a beta of 1.09. 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 moving average price is $97.82 and its two-hundred day moving average price is $77.35.

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