Astronics (OTCMKTS:ATROB) Shares Down 4.5% – Should You Sell?

Astronics Corp. (OTCMKTS:ATROB) was down 4.5% on Monday . The company traded as low as $48.25 and last traded at $48.25. Approximately 100 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,066 shares. The stock had previously closed at $50.55.

Astronics Stock Performance

The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -402.05 and a beta of 1.47. The company has a 50-day moving average of $46.71 and a 200-day moving average of $38.09. The company has a current ratio of 3.04, a quick ratio of 1.63 and a debt-to-equity ratio of 0.59.

Astronics (OTCMKTS:ATROB) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Astronics had a negative net margin of 0.45% and a positive return on equity of 22.89%. The company had revenue of $211.45 million for the quarter, compared to the consensus estimate of $212.08 million.

Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.