Astronics (OTCMKTS:ATROB) Shares Gap Up – What’s Next?

Astronics Corp. (OTCMKTS:ATROB)’s share price gapped up prior to trading on Friday . The stock had previously closed at $70.27, but opened at $73.79. Astronics shares last traded at $73.79, with a volume of 100 shares trading hands.

Astronics Stock Up 1.6%

The stock has a fifty day moving average price of $54.86 and a two-hundred day moving average price of $44.67. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -813.58 and a beta of 0.97. The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 3.07.

Astronics (OTCMKTS:ATROB) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Astronics had a positive return on equity of 29.65% and a negative net margin of 0.37%.The company had revenue of $211.45 million during the quarter, compared to analysts’ expectations of $212.08 million.

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.