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

Key Points

• Astronics Corp. shares gapped up to $47.21 from a previous close of $45.28, indicating market interest.
• The company reported earnings of $0.38 per share for the last quarter, exceeding analysts' expectations of $0.33, despite slightly missing revenue forecasts of $210.14 million.
• Astronics has a market cap of $1.66 billion and notable financial metrics, including a P/E ratio of -391.63 and a debt-to-equity ratio of 0.59.

Shares of Astronics Corp. (OTCMKTS:ATROB - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $45.28, but opened at $47.21. Astronics shares last traded at $47.21, with a volume of 100 shares traded.

Astronics Stock Up 3.8%

The company has a market cap of $1.66 billion, a P/E ratio of -391.63 and a beta of 1.51. The stock's 50-day moving average price is $37.38 and its 200-day moving average price is $31.66. The company has a current ratio of 3.04, a quick ratio of 1.63 and a debt-to-equity ratio of 0.59.

Astronics (OTCMKTS:ATROB - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The company had revenue of $204.68 million for the quarter, compared to analysts' expectations of $210.14 million. Astronics had a negative net margin of 0.45% and a positive return on equity of 22.89%.

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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