Astronics (NASDAQ:ATRO) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Astronics Corporation (NASDAQ:ATRO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.07 and traded as high as $35.16. Astronics shares last traded at $34.60, with a volume of 518,239 shares traded.

Analyst Ratings Changes

ATRO has been the topic of a number of research analyst reports. Truist Financial upgraded Astronics from a "hold" rating to a "buy" rating and set a $49.00 target price on the stock in a research report on Friday, July 11th. Wall Street Zen downgraded 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 $1.22 billion, a P/E ratio of -287.39 and a beta of 1.55. The firm has a 50 day moving average of $33.03 and a 200-day moving average of $25.58. The company has a quick ratio of 1.49, a current ratio of 2.74 and a debt-to-equity ratio of 0.60.

Astronics (NASDAQ:ATRO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.19. The business had revenue of $205.94 million for the quarter, compared to analysts' expectations 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, sell-side analysts anticipate that Astronics Corporation will post 0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Astronics

A number of institutional investors have recently modified their holdings of the stock. Swiss National Bank grew its position in shares of Astronics by 2.2% during the 4th quarter. Swiss National Bank now owns 54,800 shares of the aerospace company's stock valued at $875,000 after acquiring an additional 1,200 shares during the period. Intech Investment Management LLC acquired a new stake in Astronics in the 4th quarter worth about $214,000. KLP Kapitalforvaltning AS acquired a new stake in Astronics in the 4th quarter worth about $73,000. JPMorgan Chase & Co. boosted its holdings in Astronics by 154.3% in the 4th quarter. JPMorgan Chase & Co. now owns 236,406 shares of the aerospace company's stock worth $3,773,000 after buying an additional 143,452 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Astronics by 3.4% in the 4th quarter. Franklin Resources Inc. now owns 20,882 shares of the aerospace company's stock worth $333,000 after buying an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 56.68% of the company's stock.

About Astronics

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.