Astronics (OTCMKTS:ATROB) Sees Unusually-High Trading Volume – Here’s What Happened

Astronics Corp. (OTCMKTS:ATROB) saw unusually-strong trading volume on Wednesday . Approximately 5,078 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 3,482 shares.The stock last traded at $75.17 and had previously closed at $75.18.

Astronics Stock Up 4.4%

The company has a market cap of $3.38 billion, a PE ratio of 79.81 and a beta of 1.09. The business has a fifty day simple moving average of $97.82 and a two-hundred day simple moving average of $77.35. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07.

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

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.