Astronics (OTCMKTS:ATROB) Hits New 52-Week High – Here’s What Happened

Shares of Astronics Corp. (OTCMKTS:ATROB) reached a new 52-week high on Monday . The company traded as high as $76.35 and last traded at $76.35, with a volume of 1232 shares trading hands. The stock had previously closed at $74.00.

Astronics Trading Up 3.2%

The business has a 50 day simple moving average of $57.93 and a 200 day simple moving average of $46.61. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.87 and a quick ratio of 1.56. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -861.02 and a beta of 0.97.

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

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.