Astronics (OTCMKTS:ATROB) Shares Gap Down - Should You 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.

Shares of Astronics Corp. (OTCMKTS:ATROB - Get Free Report) gapped down prior to trading 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 trading hands.

Astronics Trading Down 7.4%

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 firm has a market cap of $1.42 billion, a price-to-earnings ratio of -334.89 and a beta of 1.51. The business has a 50 day moving average price of $34.75 and a 200-day moving average price of $29.89.

Astronics (OTCMKTS:ATROB - Get Free Report) last posted its earnings results on Wednesday, August 6th. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates 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.