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

Shares of Astronics Corp. (OTCMKTS:ATROB) gapped down prior to trading on Monday . The stock had previously closed at $75.83, but opened at $70.45. Astronics shares last traded at $71.86, with a volume of 19,718 shares.

Astronics Price Performance

The business has a 50-day moving average of $99.54 and a two-hundred day moving average of $79.77. The firm has a market cap of $3.12 billion, a P/E ratio of 73.78 and a beta of 1.09. 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 earnings results on Tuesday, May 12th. The aerospace company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The business had revenue of $230.62 million for the quarter, compared to the consensus estimate 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.