Astronics Corp. (OTCMKTS:ATROB) Sees Large Drop in Short Interest

Astronics Corp. (OTCMKTS:ATROB) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,990 shares, a decrease of 13.7% from the February 26th total of 2,307 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,139 shares, the short-interest ratio is presently 1.7 days.

Astronics Price Performance

Shares of ATROB opened at $61.90 on Wednesday. The business’s 50 day moving average is $72.88 and its 200 day moving average is $59.18. The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39. Astronics has a 12-month low of $19.53 and a 12-month high of $83.00. The company has a market capitalization of $2.21 billion, a PE ratio of 80.39 and a beta of 0.94.

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

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.