Astronics (OTCMKTS:ATROB) Shares Gap Down – Time to Sell?

Astronics Corp. (OTCMKTS:ATROB) gapped down before the market opened on Thursday . The stock had previously closed at $83.00, but opened at $75.00. Astronics shares last traded at $71.17, with a volume of 200 shares changing hands.

Astronics Stock Down 14.3%

The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.71 and a current ratio of 3.10. The company has a market cap of $2.54 billion, a P/E ratio of 92.43 and a beta of 0.94. The stock has a 50 day moving average price of $71.31 and a 200 day moving average price of $55.04.

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