Astronics (OTCMKTS:ATROB) Shares Gap Up – Time to Buy?

Astronics Corp. (OTCMKTS:ATROB) shares gapped up before the market opened on Friday . The stock had previously closed at $73.50, but opened at $78.75. Astronics shares last traded at $78.75, with a volume of 100 shares.

Astronics Stock Up 4.3%

The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $2.79 billion, a PE ratio of 101.62 and a beta of 1.03. The stock’s fifty day simple moving average is $71.51 and its 200-day simple moving average is $61.37.

Astronics (OTCMKTS:ATROB) last issued its quarterly earnings results on Tuesday, February 24th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The company had revenue of $240.07 million for the quarter, compared to the consensus estimate of $237.11 million. Astronics had a net margin of 3.41% and a return on equity of 39.95%.

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.