Shares of Astronics Co. (NASDAQ:ATRO) were down 9% during trading on Tuesday . The company traded as low as $14.87 and last traded at $15.95. Approximately 627,666 shares traded hands during mid-day trading, an increase of 104% from the average daily volume of 307,122 shares. The stock had previously closed at $17.52.
A number of analysts recently commented on ATRO shares. Truist raised Astronics from a “sell” rating to a “hold” rating and raised their price target for the stock from $6.00 to $14.00 in a research note on Tuesday, December 1st. Zacks Investment Research raised Astronics from a “sell” rating to a “hold” rating in a research note on Monday, February 15th. CJS Securities raised Astronics from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Friday, November 20th. Finally, Canaccord Genuity reissued a “buy” rating and set a $20.00 price objective on shares of Astronics in a research report on Thursday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.00.
The company has a debt-to-equity ratio of 0.58, a current ratio of 3.16 and a quick ratio of 1.51. The firm has a market cap of $491.28 million, a PE ratio of -3.79 and a beta of 2.18. The firm has a 50-day simple moving average of $14.24 and a 200 day simple moving average of $10.80.
Astronics Company Profile (NASDAQ:ATRO)
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defence, and electronic industries in the United States, North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and motions systems, aircraft structures, avionics products, system certification, and other products.
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