Astrotech (NASDAQ:ASTC) Releases Quarterly Earnings Results

Astrotech (NASDAQ:ASTC) issued its quarterly earnings results on Friday. The aerospace company reported ($2.45) earnings per share (EPS) for the quarter, Zacks reports. Astrotech had a negative return on equity of 33.26% and a negative net margin of 945.17%.

Astrotech Trading Down 1.2 %

ASTC traded down $0.08 during midday trading on Friday, hitting $6.42. 1,540 shares of the company traded hands, compared to its average volume of 5,831. The company has a market capitalization of $10.91 million, a price-to-earnings ratio of -0.87 and a beta of -0.17. Astrotech has a 52-week low of $6.12 and a 52-week high of $12.29. The business has a 50 day simple moving average of $6.87 and a two-hundred day simple moving average of $7.81.

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.