Astronics (OTCMKTS:ATROB) Shares Gap Down – Here’s Why

Astronics Corp. (OTCMKTS:ATROB) gapped down prior to trading on Monday . The stock had previously closed at $97.00, but opened at $91.15. Astronics shares last traded at $73.00, with a volume of 3,133 shares changing hands.

Astronics Trading Up 5.8%

The firm has a market cap of $3.42 billion, a P/E ratio of 80.86 and a beta of 1.09. The company has a 50 day moving average of $97.82 and a 200 day moving average of $77.35. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97.

Astronics (OTCMKTS:ATROB) last announced its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $230.62 million during 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.