Shares of Astronics Co. (NASDAQ:ATRO – Get Free Report) rose 3.4% on Thursday after Truist Financial raised their price target on the stock from $24.00 to $32.00. Truist Financial currently has a hold rating on the stock. Astronics traded as high as $34.74 and last traded at $34.69. Approximately 128,690 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 447,779 shares. The stock had previously closed at $33.56.
Separately, Wall Street Zen lowered Astronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 21st.
Read Our Latest Stock Analysis on Astronics
Institutional Trading of Astronics
Astronics Stock Down 2.7%
The stock has a 50 day moving average price of $27.22 and a 200 day moving average price of $21.94. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -183.41 and a beta of 1.56.
Astronics (NASDAQ:ATRO – Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.25 by $0.19. The business had revenue of $205.94 million for the quarter, compared to the consensus estimate of $192.53 million. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. As a group, analysts forecast that Astronics Co. will post 0.82 EPS for the current year.
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.
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