Astronics (OTCMKTS:ATROB) Reaches New 52-Week High – What’s Next?

Shares of Astronics Corp. (OTCMKTS:ATROB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $48.90 and last traded at $48.90, with a volume of 698 shares. The stock had previously closed at $45.97.

Astronics Price Performance

The company has a 50 day moving average of $40.35 and a 200 day moving average of $33.36. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -407.47 and a beta of 1.51. The company has a quick ratio of 1.63, a current ratio of 3.04 and a debt-to-equity ratio of 0.59.

Astronics (OTCMKTS:ATROB) last issued its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.The firm had revenue of $204.68 million for the quarter, compared to analyst estimates of $210.14 million.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.