Astronics (OTCMKTS:ATROB) Stock Price Up 6.6% - Here's Why

Key Points

• Astronics Corp. stock rose 6.6% to $43.33 during trading, increasing the trading volume by 8% compared to its average daily volume.
• The company reported earnings of $0.38 EPS for the last quarter, which exceeded the consensus estimate of $0.33, although its revenue fell short of expectations at $204.68 million.
• Astronics has a market cap of $1.53 billion and a current ratio of 3.04, indicating strong liquidity despite a negative net margin of 0.45%.

Shares of Astronics Corp. (OTCMKTS:ATROB - Get Free Report) rose 6.6% during trading on Thursday . The stock traded as high as $43.33 and last traded at $43.33. Approximately 1,200 shares were traded during trading, an increase of 8% from the average daily volume of 1,113 shares. The stock had previously closed at $40.64.

Astronics Stock Up 6.6%

The firm has a market cap of $1.53 billion, a P/E ratio of -361.05 and a beta of 1.51. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.63 and a current ratio of 3.04. The firm's fifty day moving average is $35.83 and its 200 day moving average is $30.69.

Astronics (OTCMKTS:ATROB - Get Free Report) last announced its earnings results 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 business had revenue of $204.68 million during the quarter, compared to the consensus estimate 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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