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

Key Points

• Astronics Corp. shares experienced a gap down, opening at $41.60 after closing at $43.33, indicating a decline of 4.0%.
• The company reported a quarterly earnings per share (EPS) of $0.38, surpassing estimates of $0.33, but fell short on revenue with $204.68 million compared to the expected $210.14 million.
• Astronics holds a market capitalization of $1.47 billion with a PE ratio of -346.64 and a debt-to-equity ratio of 0.59, reflecting its financial health amid recent performance issues.

Shares of Astronics Corp. (OTCMKTS:ATROB - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $43.33, but opened at $41.60. Astronics shares last traded at $41.60, with a volume of 289 shares trading hands.

Astronics Trading Down 4.0%

The company has a market capitalization of $1.47 billion, a PE ratio of -346.64 and a beta of 1.51. The company's fifty day moving average is $36.04 and its 200-day moving average is $30.82. 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 issued its quarterly earnings data 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%.

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.