Astronics (OTCMKTS:ATROB) Shares Gap Up - Here's What Happened

Key Points

• Astronics Corp. (OTCMKTS:ATROB) experienced a significant stock price increase, opening at $35.30 after previously closing at $31.96, indicating strong market activity.
• The company reported $0.44 earnings per share in its latest quarterly earnings, with a positive return on equity of 18.45% but a negative net margin of 0.43%.
• Astronics operates in the aerospace, defense, and electronics industries, offering a range of products including lighting, safety systems, and avionics products.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $31.96, but opened at $35.30. Astronics shares last traded at $35.30, with a volume of 200 shares traded.

Astronics Stock Performance

The business has a 50-day simple moving average of $33.29 and a two-hundred day simple moving average of $26.05. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -301.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.74 and a quick ratio of 1.49.

Astronics (OTCMKTS:ATROB - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share 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.