Astronics (OTCMKTS:ATROB) Shares Down 14.8% – Time to Sell?

Astronics Corp. (OTCMKTS:ATROB) shares were down 14.8% during trading on Monday. The stock traded as low as $50.00 and last traded at $50.00. 2,046 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 29,046 shares. The stock had previously closed at $58.70.

Analyst Ratings Changes

Separately, KeyCorp raised shares of Astronics to a “hold” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Astronics Stock Up 2.4%

The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $2.58 billion, a P/E ratio of 35.35 and a beta of 1.33. The firm’s 50 day moving average price is $67.75 and its two-hundred day moving average price is $78.33.

About Astronics

Astronics Corporation is an aerospace and defense technology company that designs and manufactures specialized systems and products for the global aerospace industry. Its offerings support commercial transport, military and defense, business and general aviation, and space applications.

The company’s products include aircraft electrical power generation and distribution systems, lighting and cabin-management systems, in-flight entertainment and connectivity equipment, electronic and electromechanical systems, and advanced test systems used to evaluate aerospace equipment.