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

Shares of Astronics Corp. (OTCMKTS:ATROB) saw an uptick in trading volume on Tuesday . Approximately 48,997 shares traded hands during trading, an increase of 53% from the previous session’s volume of 32,065 shares.The stock last traded at $70.34 and had previously closed at $71.17.

Astronics Stock Performance

The firm has a market capitalization of $3.07 billion, a PE ratio of 72.60 and a beta of 1.09. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 2.07. The company has a 50-day moving average of $99.50 and a 200 day moving average of $79.89.

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

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.