Astronics (OTCMKTS:ATROB) Shares Gap Down - Time to Sell?

Key Points

• Astronics Corp. shares experienced a significant gap down, opening at $42.93 after closing at $44.30, highlighting potential investor concerns.
• The company reported $0.38 earnings per share for the last quarter, surpassing estimates but falling short on revenue expectations with $204.68 million.
• Astronics has a market capitalization of $1.54 billion and a P/E ratio of -361.47, indicating ongoing financial challenges.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $44.30, but opened at $42.93. Astronics shares last traded at $43.38, with a volume of 224 shares changing hands.

Astronics Stock Performance

The company has a quick ratio of 1.63, a current ratio of 3.04 and a debt-to-equity ratio of 0.59. The company's 50-day moving average is $34.17 and its two-hundred day moving average is $29.24. The company has a market capitalization of $1.54 billion, a P/E ratio of -361.47 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 the consensus estimate of $0.33 by $0.05. The company had revenue of $204.68 million for the quarter, compared to analysts' expectations 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.

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