Astronics (OTCMKTS:ATROB) Sees Strong Trading Volume – Here’s What Happened

Shares of Astronics Corp. (OTCMKTS:ATROB) saw strong trading volume on Tuesday . Approximately 7,608 shares changed hands during trading, an increase of 8% from the previous session’s volume of 7,043 shares.The stock last traded at $79.48 and had previously closed at $80.76.

Astronics Stock Performance

The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 84.41 and a beta of 1.09. The company has a 50 day moving average price of $98.70 and a 200 day moving average price of $78.09. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97.

Astronics (OTCMKTS:ATROB) last posted its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $230.62 million for the quarter, compared to the consensus estimate of $225.52 million. Astronics had a return on equity of 49.34% and a net margin of 5.12%.

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.