Astronics (OTCMKTS:ATROB) Sees Strong Trading Volume – Time to Buy?

Astronics Corp. (OTCMKTS:ATROB) saw unusually-high trading volume on Friday . Approximately 3,605 shares traded hands during trading, an increase of 238% from the previous session’s volume of 1,065 shares.The stock last traded at $52.28 and had previously closed at $54.72.

Astronics Price Performance

The stock has a market capitalization of $1.93 billion, a PE ratio of -602.49 and a beta of 0.99. The firm’s fifty day moving average price is $50.45 and its two-hundred day moving average price is $41.08. The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 3.07.

Astronics (OTCMKTS:ATROB) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $211.45 million during the quarter, compared to the consensus estimate of $212.08 million. Astronics had a negative net margin of 0.37% and a positive return on equity of 29.65%.

Astronics Company Profile

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.