Astronics (OTCMKTS:ATROB) Trading Down 15.1% – Here’s What Happened

Astronics Corp. (OTCMKTS:ATROB) shares traded down 15.1% on Friday . The company traded as low as $70.49 and last traded at $70.49. 1,001 shares were traded during mid-day trading, a decline of 47% from the average session volume of 1,878 shares. The stock had previously closed at $83.00.

Astronics Stock Down 15.1%

The stock’s 50-day moving average price is $71.92 and its two-hundred day moving average price is $55.57. 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 stock has a market capitalization of $2.51 billion, a P/E ratio of 91.55 and a beta of 0.94.

Astronics (OTCMKTS:ATROB) last posted its quarterly earnings data on Tuesday, February 24th. The aerospace company reported $0.75 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $237.11 million.

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.