Astronics (OTCMKTS:ATROB) Shares Gap Up – Still a Buy?

Astronics Corp. (OTCMKTS:ATROB) shares gapped up prior to trading on Monday . The stock had previously closed at $61.90, but opened at $71.60. Astronics shares last traded at $71.63, with a volume of 326 shares changing hands.

Astronics Trading Up 1.8%

The business has a 50 day moving average of $71.90 and a two-hundred day moving average of $60.07. The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39. The firm has a market cap of $2.60 billion, a P/E ratio of 94.68 and a beta of 1.03.

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