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

Astronics Corp. (OTCMKTS:ATROB) shares gapped down prior to trading on Thursday . The stock had previously closed at $67.81, but opened at $63.2254. Astronics shares last traded at $67.00, with a volume of 2,406 shares trading hands.

Astronics Stock Up 4.0%

The firm’s 50 day simple moving average is $98.51 and its 200-day simple moving average is $81.57. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 68.79 and a beta of 1.09. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63.

Astronics (OTCMKTS:ATROB) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 EPS 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 analysts’ expectations 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.