Astronics (OTCMKTS:ATROB) Hits New 12-Month High - Still a Buy?

Key Points

• Astronics Corp.'s stock hit a new 52-week high, trading at $48.01, with a market cap of $1.70 billion and a PE ratio of -400.05.
• In its latest quarterly earnings, Astronics reported $0.38 earnings per share, exceeding estimates of $0.33, but revenue fell short of expectations at $204.68 million compared to an anticipated $210.14 million.
• The company operates primarily in the aerospace, defense, and electronics industries, offering a range of products including lighting and safety systems, electrical power generation systems, and avionics products.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $48.01 and last traded at $48.01, with a volume of 3300 shares changing hands. The stock had previously closed at $47.00.

Astronics Stock Performance

The company has a market cap of $1.70 billion, a PE ratio of -400.05 and a beta of 1.51. The company has a quick ratio of 1.63, a current ratio of 3.04 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $37.38 and a 200-day moving average of $31.76.

Astronics (OTCMKTS:ATROB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.The business had revenue of $204.68 million for the quarter, compared to analysts' expectations of $210.14 million.

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.

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