Astronics (OTCMKTS:ATROB) Sets New 12-Month High – Here’s Why

Astronics Corp. (OTCMKTS:ATROB)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $74.00 and last traded at $74.00, with a volume of 1375 shares trading hands. The stock had previously closed at $73.00.

Astronics Price Performance

The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -822.13 and a beta of 0.97. The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 3.07. The company’s 50-day moving average is $55.90 and its 200-day moving average is $45.41.

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, beating analysts’ consensus estimates of $0.42 by $0.07. Astronics had a positive return on equity of 29.65% and a negative net margin of 0.37%.The company had revenue of $211.45 million for the quarter, compared to the consensus estimate of $212.08 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.