Astronics (OTCMKTS:ATROB) Shares Gap Up – Time to Buy?

Shares of Astronics Corp. (OTCMKTS:ATROB) gapped up prior to trading on Monday . The stock had previously closed at $70.49, but opened at $75.00. Astronics shares last traded at $75.00, with a volume of 250 shares changing hands.

Astronics Stock Performance

The company has a 50 day moving average of $72.61 and a 200 day moving average of $56.30. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 90.12 and a beta of 0.94. The company has a current ratio of 3.10, a quick ratio of 1.71 and a debt-to-equity ratio of 2.39.

Astronics (OTCMKTS:ATROB) last issued its 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. Astronics had a net margin of 3.41% and a return on equity of 39.95%. The company had revenue of $240.07 million for the quarter, compared to the consensus estimate of $237.11 million.

Astronics Company Profile

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.