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

Shares of Astronics Corp. (OTCMKTS:ATROB) gapped down prior to trading on Thursday . The stock had previously closed at $83.00, but opened at $75.00. Astronics shares last traded at $71.17, with a volume of 200 shares.

Astronics Price Performance

The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.71 and a current ratio of 3.10. The business’s 50 day simple moving average is $71.31 and its 200-day simple moving average is $55.04. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 92.43 and a beta of 0.94.

Astronics (OTCMKTS:ATROB) last announced its quarterly earnings results on Tuesday, February 24th. The aerospace company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.60 by $0.15. The company had revenue of $240.07 million for the quarter, compared to analyst estimates of $237.11 million. Astronics had a net margin of 3.41% and a return on equity of 39.95%.

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.