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

Astronics Corp. (OTCMKTS:ATROB)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $70.26, but opened at $66.11. Astronics shares last traded at $72.90, with a volume of 2,384 shares.

Astronics Stock Performance

The company’s 50-day moving average price is $99.25 and its two-hundred day moving average price is $81.36. 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 stock has a market cap of $3.02 billion, a PE ratio of 71.35 and a beta of 1.09.

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 analysts’ consensus estimates of $0.56 by $0.03. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The company had revenue of $230.62 million during the quarter, compared to the consensus estimate 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.