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

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)'s share price gapped down prior to trading 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 Up 2.4%

The business's 50 day simple moving average is $33.04 and its 200-day simple moving average is $25.70. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -301.22 and a beta of 1.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 2.74.

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

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.