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

Key Points

• Astronics Corp.'s stock price gapped down from $48.75 to $46.45 prior to trading, with a volume of 597 shares.
• The company reported $0.38 earnings per share, exceeding the consensus estimate of $0.33, despite revenue falling short at $204.68 million.
• Astronics has a market capitalization of $1.73 billion and a price-to-earnings ratio of -407.47, indicating potential volatility in its stock performance.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $48.75, but opened at $46.45. Astronics shares last traded at $46.45, with a volume of 597 shares.

Astronics Trading Up 6.4%

The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -407.47 and a beta of 1.51. The company has a current ratio of 3.04, a quick ratio of 1.63 and a debt-to-equity ratio of 0.59. The business has a 50 day simple moving average of $39.92 and a 200-day simple moving average of $33.17.

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 (EPS) 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 the consensus estimate of $210.14 million. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.

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.

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