Astronics (OTCMKTS:ATROB) Sets New 12-Month High – What’s Next?

Astronics Corp. (OTCMKTS:ATROB) shares hit a new 52-week high on Thursday . The company traded as high as $58.34 and last traded at $58.25, with a volume of 834 shares changing hands. The stock had previously closed at $56.91.

Astronics Stock Performance

The firm’s fifty day moving average is $53.10 and its 200 day moving average is $43.64. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -721.59 and a beta of 0.97. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.87 and a quick ratio of 1.56.

Astronics (OTCMKTS:ATROB) last released its earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $211.45 million during the quarter, compared to the consensus estimate of $212.08 million. Astronics had a negative net margin of 0.37% and a positive return on equity of 29.65%.

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.