Astronics Corp. (OTCMKTS:ATROB) Short Interest Update

Astronics Corp. (OTCMKTS:ATROB) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 442,638 shares, a growth of 2,046.0% from the June 15th total of 20,626 shares. Based on an average trading volume of 244,093 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.2% of the company’s shares are sold short.

Astronics Stock Up 1.0%

Shares of OTCMKTS ATROB opened at $72.29 on Friday. Astronics has a 52-week low of $22.90 and a 52-week high of $91.15. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The stock has a market cap of $3.11 billion, a P/E ratio of 73.52 and a beta of 1.09. The firm has a 50 day moving average price of $99.66 and a 200 day moving average price of $80.35.

Astronics (OTCMKTS:ATROB) last posted its 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. The company had revenue of $230.62 million for the quarter, compared to analyst estimates of $225.52 million. Astronics had a net margin of 5.12% and a return on equity of 49.34%.

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.