Astronics (OTCMKTS:ATROB) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Key Points

• Astronics Corp. shares crossed above their 50-day moving average, reaching a peak of $42.51 during trading, but last traded at $40.64, down 1.5%.
• The company reported $0.38 earnings per share for its latest quarter, surpassing analysts' expectations of $0.33.
• Astronics has a market cap of $1.44 billion and operates in the aerospace and electronics industries, manufacturing products for defense and commercial applications.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $35.83 and traded as high as $42.51. Astronics shares last traded at $40.64, with a volume of 5,021 shares changing hands.

Astronics Stock Down 1.5%

The stock's 50 day simple moving average is $35.83 and its two-hundred day simple moving average is $30.69. The firm has a market cap of $1.44 billion, a P/E ratio of -338.64 and a beta of 1.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 1.63.

Astronics (OTCMKTS:ATROB - Get Free Report) last announced its earnings results on Wednesday, August 6th. The aerospace company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $204.68 million during the quarter, compared to the consensus estimate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.