Astronics Corp. (OTCMKTS:ATROB) Sees Significant Decline in Short Interest

Astronics Corp. (OTCMKTS:ATROB) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 1,990 shares, a drop of 13.7% from the February 26th total of 2,307 shares. Based on an average daily trading volume, of 1,139 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.0% of the shares of the stock are short sold.

Astronics Trading Down 4.8%

Astronics stock opened at $61.90 on Tuesday. Astronics has a 1 year low of $19.53 and a 1 year high of $83.00. The firm’s 50 day moving average price is $73.13 and its 200-day moving average price is $59.05. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 1.71. The stock has a market cap of $2.21 billion, a P/E ratio of 80.39 and a beta of 0.94.

Astronics (OTCMKTS:ATROB) last issued its earnings results on Tuesday, February 24th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The firm had revenue of $240.07 million during the quarter, compared to analyst estimates of $237.11 million. Astronics had a net margin of 3.41% and a return on equity of 39.95%.

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.