Astronics (OTCMKTS:ATROB) Shares Down 10.2% – Should You Sell?

Astronics Corp. (OTCMKTS:ATROB)’s share price fell 10.2% during trading on Wednesday . The company traded as low as $76.30 and last traded at $76.30. 25,298 shares were traded during trading, an increase of 15% from the average daily volume of 21,919 shares. The stock had previously closed at $85.01.

Astronics Stock Down 7.0%

The firm’s 50-day moving average price is $99.63 and its 200 day moving average price is $79.66. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 71.70 and a beta of 1.09.

Astronics (OTCMKTS:ATROB) last issued its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $230.62 million for the quarter, compared to analyst estimates of $225.52 million. Astronics had a return on equity of 49.34% and a net margin of 5.12%.

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.