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

Astronics Corp. (OTCMKTS:ATROB) gapped down prior to trading on Tuesday . The stock had previously closed at $50.50, but opened at $46.56. Astronics shares last traded at $46.56, with a volume of 140 shares.

Astronics Stock Performance

The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -399.97 and a beta of 1.51. The stock has a fifty day moving average price of $43.88 and a two-hundred day moving average price of $35.41. The company has a quick ratio of 1.63, a current ratio of 3.04 and a debt-to-equity ratio of 0.59.

Astronics (OTCMKTS:ATROB) last released its quarterly earnings results on Wednesday, August 6th. The aerospace company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.The company had revenue of $204.68 million during the quarter, compared to analysts’ expectations of $210.14 million.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.