Astronics (OTCMKTS:ATROB) Shares Gap Up – Should You Buy?

Astronics Corp. (OTCMKTS:ATROB) gapped up prior to trading on Monday . The stock had previously closed at $70.49, but opened at $75.00. Astronics shares last traded at $75.00, with a volume of 250 shares.

Astronics Stock Performance

The firm has a market capitalization of $2.67 billion, a P/E ratio of 97.40 and a beta of 0.94. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 1.71. The firm has a 50-day moving average price of $71.92 and a two-hundred day moving average price of $55.73.

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