Astrotech (NASDAQ:ASTC) Releases Earnings Results

Astrotech (NASDAQ:ASTC) issued its earnings results on Thursday. The aerospace company reported ($2.07) earnings per share for the quarter, Zacks reports. Astrotech had a negative return on equity of 51.77% and a negative net margin of 1,320.31%.

Astrotech Trading Down 1.4%

ASTC stock traded down $0.05 during midday trading on Friday, reaching $3.24. The stock had a trading volume of 3,950 shares, compared to its average volume of 153,658. The company’s fifty day simple moving average is $4.45 and its 200 day simple moving average is $5.20. The company has a market cap of $5.72 million, a price-to-earnings ratio of -0.39 and a beta of 0.32. Astrotech has a 52-week low of $3.05 and a 52-week high of $8.15.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Astrotech in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Astrotech currently has a consensus rating of “Sell”.

Insider Activity

In other news, major shareholder Braden Michael Leonard sold 220,410 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $7.13, for a total value of $1,571,523.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.80% of the stock is currently owned by company insiders.

About Astrotech

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.