Astronics (OTCMKTS:ATROB) Reaches New 1-Year High – Here’s What Happened

Astronics Corp. (OTCMKTS:ATROB) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $85.00 and last traded at $85.00, with a volume of 600 shares changing hands. The stock had previously closed at $80.00.

Astronics Stock Up 6.3%

The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63. The firm has a market capitalization of $3.03 billion, a P/E ratio of 72.03 and a beta of 1.04. The company’s 50-day simple moving average is $71.45 and its two-hundred day simple moving average is $66.58.

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

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.