Astronics (NASDAQ:ATRO) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Astronics (NASDAQ:ATRO) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Separately, Truist Financial lowered their target price on Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th.

Astronics Stock Down 0.5 %

Shares of NASDAQ ATRO opened at $17.04 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The company has a market cap of $600.83 million, a price-to-earnings ratio of -89.68 and a beta of 1.79. Astronics has a 12 month low of $14.13 and a 12 month high of $23.74. The stock has a 50-day moving average price of $16.37 and a two-hundred day moving average price of $18.54.

Hedge Funds Weigh In On Astronics

A number of institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new position in shares of Astronics during the second quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Astronics during the third quarter worth approximately $106,000. DekaBank Deutsche Girozentrale raised its position in shares of Astronics by 13.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 971 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Astronics during the third quarter worth approximately $202,000. Finally, Stifel Financial Corp acquired a new position in shares of Astronics during the third quarter worth approximately $212,000. 56.68% of the stock is currently owned by institutional investors.

About Astronics

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.