Astronics Co. (NASDAQ:ATRO) Short Interest Update

Astronics Co. (NASDAQ:ATROGet Rating) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 407,700 shares, an increase of 24.9% from the April 15th total of 326,500 shares. Based on an average daily volume of 159,200 shares, the short-interest ratio is presently 2.6 days.

Shares of Astronics stock opened at $10.64 on Tuesday. The firm has a market cap of $335.39 million, a price-to-earnings ratio of -19.70 and a beta of 1.80. The stock’s 50-day moving average is $11.76 and its 200-day moving average is $12.28. Astronics has a one year low of $9.24 and a one year high of $20.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.69 and a quick ratio of 1.54.

Astronics (NASDAQ:ATROGet Rating) last issued its quarterly earnings results on Friday, May 6th. The aerospace company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.16). The firm had revenue of $116.18 million during the quarter, compared to the consensus estimate of $117.52 million. Astronics had a negative net margin of 3.68% and a negative return on equity of 14.22%. During the same quarter last year, the firm earned ($0.39) earnings per share. On average, equities analysts expect that Astronics will post -0.29 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its position in shares of Astronics by 91.3% in the first quarter. AdvisorNet Financial Inc now owns 2,386 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 1,139 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Astronics in the first quarter valued at about $44,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Astronics in the fourth quarter valued at about $69,000. MetLife Investment Management LLC increased its position in shares of Astronics by 217.8% in the fourth quarter. MetLife Investment Management LLC now owns 9,068 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 6,215 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Astronics in the fourth quarter valued at about $121,000. 66.13% of the stock is currently owned by institutional investors and hedge funds.

Separately, StockNews.com initiated coverage on Astronics in a report on Thursday, March 31st. They issued a “buy” rating on the stock.

About Astronics (Get Rating)

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.

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