Astronics Corp. (OTCMKTS:ATROB – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 442,638 shares, a growth of 2,046.0% from the June 15th total of 20,626 shares. Based on an average trading volume of 244,093 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the shares of the stock are sold short.
Astronics Price Performance
Shares of OTCMKTS ATROB traded up $0.69 during midday trading on Friday, hitting $72.29. The stock had a trading volume of 98,776 shares, compared to its average volume of 41,838. 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 stock has a 50 day simple moving average of $99.60 and a 200-day simple moving average of $80.22. The company has a market capitalization of $3.11 billion, a PE ratio of 73.52 and a beta of 1.09. Astronics has a 1 year low of $22.90 and a 1 year high of $91.15.
Astronics (OTCMKTS:ATROB – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. Astronics had a return on equity of 49.34% and a net margin of 5.12%.The firm had revenue of $230.62 million during the quarter, compared to analysts’ expectations 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.
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