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Astronics (OTCMKTS:ATROB) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Astronics logo with Aerospace background

Key Points

  • Astronics Corp.'s stock price surpassed its 50-day moving average of $38.93, reaching a high of $44.86 during trading on Tuesday.
  • The company reported an earnings per share of $0.38, exceeding analysts' estimates of $0.33, although its revenue was slightly below expectations at $204.68 million.
  • Astronics has a market capitalization of $1.59 billion with a quick ratio of 1.63 and a current ratio of 3.04, indicating solid liquidity ratios.
  • Five stocks to consider instead of Astronics.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $38.93 and traded as high as $44.86. Astronics shares last traded at $44.86, with a volume of 1,001 shares traded.

Astronics Stock Performance

The company has a quick ratio of 1.63, a current ratio of 3.04 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $38.93 and a two-hundred day simple moving average of $32.68. The stock has a market capitalization of $1.59 billion, a P/E ratio of -373.80 and a beta of 1.51.

Astronics (OTCMKTS:ATROB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The firm had revenue of $204.68 million during 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

(Get Free Report)

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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