Astronics (OTCMKTS:ATROB) Stock Price Down 7.4% - Should You Sell?

Key Points

• Astronics Corp. shares declined by 7.4% on Monday, with the stock trading at $40.19, down from a previous close of $43.38.
• The company reported $0.38 EPS for the last quarter, exceeding analysts' expectations of $0.33, but revenue fell short at $204.68 million against a forecast of $210.14 million.
• Astronics has a market cap of $1.42 billion, a PE ratio of -334.89, and shows a positive return on equity of 22.89% despite a negative net margin.

Astronics Corp. (OTCMKTS:ATROB - Get Free Report) shares dropped 7.4% on Monday . The company traded as low as $40.19 and last traded at $40.19. Approximately 140 shares traded hands during trading, a decline of 87% from the average daily volume of 1,117 shares. The stock had previously closed at $43.38.

Astronics Stock Performance

The firm has a market capitalization of $1.47 billion, a PE ratio of -344.97 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's 50 day simple moving average is $35.42 and its two-hundred day simple moving average is $30.34.

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

Astronics Company Profile

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.