Astronics (OTCMKTS:ATROB) Reaches New 12-Month High - Here's Why

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)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $44.50 and last traded at $44.50, with a volume of 6090 shares. The stock had previously closed at $37.97.

Astronics Trading Up 16.7%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.63 and a current ratio of 3.04. The stock has a market capitalization of $1.57 billion, a P/E ratio of -369.14 and a beta of 1.51. The firm's fifty day simple moving average is $33.94 and its 200 day simple moving average is $29.13.

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

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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