Astronics (OTCMKTS:ATROB) Shares Gap Up - Should You Buy?

Key Points

• Astronics Corp. shares surged from a previous closing price of $27.48 to an opening price of $32.50 on Tuesday, indicating significant market interest.
• The company reported a negative net margin of 0.45% for the quarter despite beating EPS estimates with $0.38.
• Astronics has a debt-to-equity ratio of 0.59 and a market capitalization of $1.15 billion, reflecting its financial stability and size in the aerospace industry.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $27.48, but opened at $32.50. Astronics shares last traded at $32.50, with a volume of 104 shares traded.

Astronics Stock Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.63 and a current ratio of 3.04. The company's 50-day moving average price is $33.38 and its 200 day moving average price is $26.72. The stock has a market capitalization of $1.15 billion, a PE ratio of -270.81 and a beta of 1.51.

Astronics (OTCMKTS:ATROB - Get Free Report) last announced its earnings results on Wednesday, August 6th. The aerospace company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Astronics had a negative net margin of 0.45% and a positive return on equity of 22.89%. The firm had revenue of $204.68 million for the quarter, compared to analysts' expectations 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.

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