Astronics (OTCMKTS:ATROB) Stock Price Down 15.1% – Here’s Why

Astronics Corp. (OTCMKTS:ATROB) shares dropped 15.1% on Friday . The stock traded as low as $70.49 and last traded at $70.49. Approximately 1,001 shares traded hands during trading, a decline of 47% from the average daily volume of 1,878 shares. The stock had previously closed at $83.00.

Astronics Trading Down 15.1%

The stock has a 50 day moving average price of $71.62 and a 200-day moving average price of $55.15. The stock has a market capitalization of $2.51 billion, a PE ratio of 91.55 and a beta of 0.94. The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39.

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

Astronics Company Profile

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.