Astronics (OTCMKTS:ATROB) Shares Gap Down - Here's Why

Key Points

• Astronics Corp. shares gapped down significantly, opening at $27.61 after a previous close of $36.15, marking a 24% decline.
• The company's latest earnings report indicated an earnings per share of $0.44 with a negative net margin of -0.43%, alongside a positive return on equity of 18.45%.
• Astronics specializes in designing and manufacturing products for aerospace, defense, and electronics industries, operating primarily in North America, Asia, and Europe.

Shares of Astronics Corp. (OTCMKTS:ATROB - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $36.15, but opened at $27.61. Astronics shares last traded at $27.48, with a volume of 200 shares traded.

Astronics Trading Down 24.0%

The firm has a market cap of $973.07 million, a price-to-earnings ratio of -228.98 and a beta of 1.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 2.74. The business has a fifty day moving average of $33.59 and a two-hundred day moving average of $26.39.

Astronics (OTCMKTS:ATROB - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share for the quarter. Astronics had a positive return on equity of 18.45% and a negative net margin of 0.43%.

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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