Astronics (OTCMKTS:ATROB) Stock Price Down 7.4% - Time to 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.

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

Astronics Stock Down 7.4%

The company has a 50 day moving average price of $34.60 and a two-hundred day moving average price of $29.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 1.63. The stock has a market cap of $1.42 billion, a PE ratio of -334.89 and a beta of 1.51.

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, beating analysts' consensus estimates of $0.33 by $0.05. The company had revenue of $204.68 million during the quarter, compared to analysts' expectations of $210.14 million. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.

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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