Astronics (OTCMKTS:ATROB) Sees Large Volume Increase – Time to Buy?

Astronics Corp. (OTCMKTS:ATROB) saw unusually-strong trading volume on Wednesday . Approximately 5,078 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 3,482 shares.The stock last traded at $75.17 and had previously closed at $75.18.

Astronics Stock Up 1.6%

The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63. The firm’s 50 day moving average price is $98.36 and its two-hundred day moving average price is $77.71. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 82.13 and a beta of 1.09.

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

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.