Astronics (OTCMKTS:ATROB) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Astronics Corp. saw an **increase of 274%** in trading volume, with **4,039 shares** exchanged on Thursday, compared to just **1,080 shares** the previous session.
• The company's last stock price was **$49.67**, reflecting a **3.5% increase** from its previous close of **$48.00**.
• Astronics reported a **quarterly earnings per share** of **$0.38**, exceeding analysts' expectations of **$0.33**, with total revenue of **$204.68 million** for the quarter.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report) shares saw strong trading volume on Thursday . 4,039 shares traded hands during trading, an increase of 274% from the previous session's volume of 1,080 shares.The stock last traded at $49.67 and had previously closed at $48.00.

Astronics Stock Up 3.5%

The business has a 50 day simple moving average of $40.97 and a 200 day simple moving average of $33.56. 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 company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -413.88 and a beta of 1.51.

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 analysts' consensus estimates 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 analyst estimates 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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