Astronics (OTCMKTS:ATROB) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Astronics Corp. (OTCMKTS:ATROB) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $70.07 and traded as high as $72.20. Astronics shares last traded at $72.20, with a volume of 135 shares.

Astronics Price Performance

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 firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 93.77 and a beta of 1.04. The business has a fifty day moving average of $70.07 and a two-hundred day moving average of $64.18.

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

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.