Astronics (OTCMKTS:ATROB) Sets New 52-Week High – Should You Buy?

Astronics Corp. (OTCMKTS:ATROB)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $83.39 and last traded at $83.39, with a volume of 171 shares changing hands. The stock had previously closed at $72.20.

Astronics Stock Performance

The business has a 50-day simple moving average of $70.63 and a two-hundred day simple moving average of $65.85. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 70.76 and a beta of 1.04. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63.

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