Astronics (OTCMKTS:ATROB) Sees Strong Trading Volume – Should You Buy?

Astronics Corp. (OTCMKTS:ATROB) shares saw unusually-high trading volume on Tuesday . 7,608 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 7,043 shares.The stock last traded at $79.48 and had previously closed at $80.76.

Astronics Price Performance

The company has a fifty day moving average of $99.12 and a 200 day moving average of $78.50. The firm has a market capitalization of $3.63 billion, a P/E ratio of 85.89 and a beta of 1.09. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63.

Astronics (OTCMKTS:ATROB) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $230.62 million during the quarter, compared to analyst estimates of $225.52 million. Astronics had a net margin of 5.12% and a return on equity of 49.34%.

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.