Astronics Co. (NASDAQ:ATRO – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 355,700 shares, an increase of 14.3% from the August 31st total of 311,300 shares. Based on an average daily trading volume, of 170,300 shares, the short-interest ratio is currently 2.1 days.
Astronics Trading Down 0.5 %
NASDAQ:ATRO traded down $0.10 on Monday, reaching $19.95. The company’s stock had a trading volume of 7,405 shares, compared to its average volume of 147,392. The firm has a market cap of $695.10 million, a price-to-earnings ratio of -26.03 and a beta of 1.83. The company has a quick ratio of 1.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.67. Astronics has a 12-month low of $14.11 and a 12-month high of $23.74. The stock has a 50 day moving average price of $20.30 and a 200 day moving average price of $19.43.
Astronics (NASDAQ:ATRO – Get Free Report) last posted its earnings results on Thursday, August 1st. The aerospace company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The company had revenue of $198.11 million during the quarter, compared to analyst estimates of $191.19 million. Astronics had a negative net margin of 1.57% and a negative return on equity of 0.31%. During the same period in the previous year, the company earned ($0.37) EPS. On average, equities analysts anticipate that Astronics will post 0.36 EPS for the current fiscal year.
Hedge Funds Weigh In On Astronics
Analyst Upgrades and Downgrades
Separately, Truist Financial raised their price target on shares of Astronics from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, August 2nd.
View Our Latest Report on Astronics
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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