Astronics (OTCMKTS:ATROB) Sets New 1-Year High – What’s Next?

Astronics Corp. (OTCMKTS:ATROB)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $70.47 and last traded at $70.27, with a volume of 1212 shares. The stock had previously closed at $70.00.

Astronics Stock Performance

The company has a 50-day moving average of $55.38 and a 200-day moving average of $44.95. The company has a market cap of $2.60 billion, a PE ratio of -811.02 and a beta of 0.97. 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 released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $211.45 million during the quarter, compared to analyst estimates of $212.08 million. Astronics had a positive return on equity of 29.65% and a negative net margin of 0.37%.

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.