Astronics (OTCMKTS:ATROB) Shares Gap Up – Here’s Why

Astronics Corp. (OTCMKTS:ATROB) shares gapped up prior to trading on Thursday . The stock had previously closed at $79.51, but opened at $88.88. Astronics shares last traded at $82.03, with a volume of 10,137 shares.

Astronics Stock Up 1.2%

The firm has a market capitalization of $3.46 billion, a P/E ratio of 81.79 and a beta of 1.09. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The stock has a 50 day moving average of $98.18 and a 200-day moving average of $77.53.

Astronics (OTCMKTS:ATROB) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The firm had revenue of $230.62 million during the quarter, compared to the consensus estimate of $225.52 million.

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.