Astronics (OTCMKTS:ATROB) Shares Gap Down – Should You Sell?

Astronics Corp. (OTCMKTS:ATROBGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $70.26, but opened at $66.11. Astronics shares last traded at $72.90, with a volume of 2,384 shares trading hands.

Astronics Price Performance

The firm has a market capitalization of $3.11 billion, a PE ratio of 73.53 and a beta of 1.09. The firm’s fifty day moving average price is $99.64 and its 200 day moving average price is $81.15. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07.

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

Astronics Company Profile

(Get Free Report)

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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