Astronics (OTCMKTS:ATROB) Hits New 12-Month High - Time to Buy?

Key Points

• Astronics Corp. reached a new 52-week high with its stock price hitting $44.50, reflecting a significant increase from its previous close of $37.97.
• In its latest earnings report, Astronics posted $0.38 EPS, exceeding expectations of $0.33, while revenues were $204.68 million, slightly below estimates.
• The company maintains a strong financial position with a current ratio of 3.04 and a debt-to-equity ratio of 0.59, indicating solid liquidity and manageable debt levels.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $44.50 and last traded at $44.50, with a volume of 6090 shares traded. The stock had previously closed at $37.97.

Astronics Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 1.63. The business's 50-day simple moving average is $34.60 and its two-hundred day simple moving average is $29.74. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -334.89 and a beta of 1.51.

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

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.