Astronics (NASDAQ:ATRO) Shares Pass Above 200 Day Moving Average - Should You Sell?

Astronics Corporation (NASDAQ:ATRO - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.93 and traded as high as $33.09. Astronics shares last traded at $31.88, with a volume of 569,538 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Truist Financial raised their price target on Astronics from $24.00 to $32.00 and gave the stock a "hold" rating in a research report on Thursday, June 12th. Wall Street Zen lowered Astronics from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 21st.

Astronics Stock Performance

The company has a market cap of $1.13 billion, a price-to-earnings ratio of -265.98 and a beta of 1.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.74 and a quick ratio of 1.49. The stock has a 50-day moving average price of $30.88 and a 200 day moving average price of $23.93.

Astronics (NASDAQ:ATRO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.19. The company had revenue of $205.94 million for the quarter, compared to analyst estimates of $192.53 million. Astronics had a positive return on equity of 18.45% and a negative net margin of 0.43%. As a group, analysts anticipate that Astronics Corporation will post 0.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Astronics by 1.7% during the first quarter. Vanguard Group Inc. now owns 1,601,632 shares of the aerospace company's stock worth $38,711,000 after buying an additional 27,025 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Astronics by 18.7% during the fourth quarter. Royce & Associates LP now owns 1,150,355 shares of the aerospace company's stock worth $18,360,000 after buying an additional 181,619 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Astronics by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 998,506 shares of the aerospace company's stock worth $15,936,000 after buying an additional 58,149 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Astronics by 58.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 881,504 shares of the aerospace company's stock worth $14,069,000 after buying an additional 325,904 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Astronics by 80.1% during the first quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company's stock worth $18,054,000 after buying an additional 332,133 shares in the last quarter. 56.68% of the stock is currently owned by institutional investors.

Astronics Company Profile

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. The company 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.