Astronics (OTCMKTS:ATROB) Trading 18.2% Higher – Time to Buy?

Shares of Astronics Corp. (OTCMKTS:ATROB) were up 18.2% during mid-day trading on Friday . The stock traded as high as $97.00 and last traded at $97.00. Approximately 2,045 shares were traded during mid-day trading, an increase of 84% from the average daily volume of 1,110 shares. The stock had previously closed at $82.05.

Astronics Trading Up 3.7%

The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 82.20 and a beta of 1.09. The company has a fifty day moving average price of $97.26 and a 200-day moving average price of $76.98. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07.

Astronics (OTCMKTS:ATROB) last issued its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $230.62 million during the quarter, compared to analysts’ expectations of $225.52 million. Astronics had a return on equity of 49.34% and a net margin of 5.12%.

About Astronics

Astronics Corporation is a global provider of advanced technology solutions to the aerospace, defense and other high-reliability industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through both organic innovation and targeted acquisitions. Astronics delivers mission-critical products that enhance aircraft safety, passenger comfort and operational efficiency for major airframers, airlines and defense contractors worldwide.

The company’s product portfolio spans several key areas, including electrical power generation and management systems, LED cabin lighting and safety systems, connectivity and data solutions, and automated test equipment.