Astronics (OTCMKTS:ATROB) Shares Up 11.5% – Should You Buy?

Astronics Corp. (OTCMKTS:ATROB) shares were up 11.5% during mid-day trading on Friday . The company traded as high as $64.95 and last traded at $64.95. Approximately 100 shares were traded during trading, a decline of 96% from the average daily volume of 2,333 shares. The stock had previously closed at $58.25.

Astronics Stock Performance

The firm has a market capitalization of $2.31 billion, a P/E 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. The firm has a 50-day moving average price of $53.10 and a two-hundred day moving average price of $43.72.

Astronics (OTCMKTS:ATROB) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $211.45 million during the quarter, compared to analyst estimates 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.