Astronics (OTCMKTS:ATROB) Shares Gap Down - What's Next?

Key Points

• Astronics Corp. shares fell by 5.2% after gapping down from a previous close of $33.70 to an opening price of $31.96.
• The company's current market capitalization stands at $1.13 billion, with a P/E ratio of -266.31 and a positive return on equity of 18.45%.
• Astronics operates in the aerospace, defense, and electronics industries, focusing on products like lighting systems, electrical power generation, and avionics.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $33.70, but opened at $31.96. Astronics shares last traded at $31.96, with a volume of 129 shares.

Astronics Stock Down 5.2%

The company has a market capitalization of $1.13 billion, a P/E ratio of -266.31 and a beta of 1.42. The firm's 50 day moving average price is $32.88 and its two-hundred day moving average price is $25.48. The company has a current ratio of 2.74, a quick ratio of 1.49 and a debt-to-equity ratio of 0.60.

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

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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