Astronics (OTCMKTS:ATROB) Trading Down 4.5% – Here’s What Happened

Shares of Astronics Corp. (OTCMKTS:ATROB) were down 4.5% during mid-day trading on Monday . The company traded as low as $48.25 and last traded at $48.25. Approximately 100 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,066 shares. The stock had previously closed at $50.55.

Astronics Trading Up 3.8%

The firm’s fifty day moving average price is $46.71 and its 200-day moving average price is $38.09. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -402.05 and a beta of 1.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 1.63.

Astronics (OTCMKTS:ATROB) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $211.45 million for the quarter, compared to analysts’ expectations of $212.08 million. Astronics had a negative net margin of 0.45% and a positive return on equity of 22.89%.

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.