Astronics (OTCMKTS:ATROB) Issues Quarterly Earnings Results

Astronics (OTCMKTS:ATROB) posted its quarterly earnings results on Tuesday. The aerospace company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09, Zacks reports. Astronics had a net margin of 8.40% and a return on equity of 67.69%.

Astronics Stock Up 4.6%

Shares of ATROB traded up $2.71 during mid-day trading on Tuesday, reaching $61.20. The company’s stock had a trading volume of 4,732 shares, compared to its average volume of 28,122. Astronics has a 12-month low of $36.71 and a 12-month high of $94.28. The stock has a market cap of $2.63 billion, a PE ratio of 36.00 and a beta of 1.33. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.97 and a quick ratio of 1.63. The company’s 50 day moving average is $65.48 and its 200 day moving average is $77.90.

Analyst Upgrades and Downgrades

Separately, KeyCorp upgraded shares of Astronics to a “hold” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Astronics presently has an average rating of “Hold”.

Astronics Company Profile

Astronics Corporation develops and manufactures technologies for the aerospace, defense and other mission-critical markets. Its aerospace products include aircraft lighting and safety systems, electrical power generation and distribution equipment, cabin electronics, connectivity solutions and aircraft structures. The company also provides automated test systems and related equipment used by aerospace and defense organizations and other manufacturers. Astronics serves customers in North America and internationally, including commercial aviation, business aviation and military markets.