News stories about Astronics (NASDAQ:ATRO) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Astronics earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 46.0778922592178 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Astronics Advanced Electronic Systems certifies ultralite in-seat power system (financial-news.co.uk)
- Astronics Advanced Electronic Systems certifies, delivers UltraLite in-seat power system for TUI Airlines’ Boeing 737 MAX 8 aircraft (intelligent-aerospace.com)
- Astronics Advanced Electronic Systems Certifies and Delivers New UltraLite In-Seat Power System (finance.yahoo.com)
- Astronics Co. (ATRO) CEO Sells $72,200.00 in Stock (americanbankingnews.com)
- Astronics (ATRO) Cut to Hold at BidaskClub (americanbankingnews.com)
Astronics stock traded up $0.86 during mid-day trading on Thursday, reaching $37.30. 91,531 shares of the company traded hands, compared to its average volume of 141,037. The company has a current ratio of 3.06, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. Astronics has a fifty-two week low of $23.95 and a fifty-two week high of $49.45. The firm has a market capitalization of $1,032.51, a price-to-earnings ratio of 57.17, a PEG ratio of 2.10 and a beta of 1.58.
Astronics announced that its board has authorized a share buyback program on Monday, December 18th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have recently weighed in on ATRO shares. Zacks Investment Research raised shares of Astronics from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Tuesday, January 2nd. BidaskClub raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Dougherty & Co increased their target price on shares of Astronics from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, December 4th. Canaccord Genuity restated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Astronics in a research note on Tuesday, February 27th. Finally, SunTrust Banks restated a “hold” rating and set a $44.00 price target on shares of Astronics in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $45.00.
In other news, CEO Peter J. Gundermann sold 2,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $38.99, for a total value of $77,980.00. Following the sale, the chief executive officer now owns 29,595 shares in the company, valued at $1,153,909.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 16,000 shares of company stock worth $645,500 in the last quarter. Company insiders own 16.45% of the company’s stock.
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Astronics Company Profile
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.
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