Astronics (OTCMKTS:ATROB) Shares Gap Up – Should You Buy?

Astronics Corp. (OTCMKTS:ATROB) gapped up before the market opened on Monday . The stock had previously closed at $70.49, but opened at $75.00. Astronics shares last traded at $75.00, with a volume of 250 shares changing hands.

Astronics Price Performance

The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 1.71. The firm’s 50-day moving average is $71.92 and its two-hundred day moving average is $55.73. The company has a market cap of $2.67 billion, a P/E ratio of 97.40 and a beta of 0.94.

Astronics (OTCMKTS:ATROB) last issued its quarterly earnings data on Tuesday, February 24th. The aerospace company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The business had revenue of $240.07 million during the quarter, compared to analysts’ expectations 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.