Astronics (NASDAQ:ATRO) Share Price Crosses Above 200 Day Moving Average of $18.17

Astronics Co. (NASDAQ:ATRO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.17 and traded as high as $20.20. Astronics shares last traded at $19.69, with a volume of 112,581 shares traded.

Analyst Ratings Changes

Separately, Truist Financial reduced their price objective on shares of Astronics from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Friday, May 3rd.

Astronics Stock Performance

The firm has a fifty day moving average of $19.17 and a 200-day moving average of $18.17. The company has a quick ratio of 1.27, a current ratio of 2.59 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $686.00 million, a price-to-earnings ratio of -25.57 and a beta of 1.87.

Astronics (NASDAQ:ATRO) last released its quarterly earnings results on Thursday, May 2nd. The aerospace company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.14). Astronics had a negative return on equity of 5.93% and a negative net margin of 3.51%. The firm had revenue of $185.07 million for the quarter, compared to analyst estimates of $172.74 million. During the same period last year, the firm earned ($0.14) EPS. As a group, sell-side analysts anticipate that Astronics Co. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Astronics

A number of large investors have recently bought and sold shares of the stock. ACK Asset Management LLC lifted its position in shares of Astronics by 1.6% in the fourth quarter. ACK Asset Management LLC now owns 1,529,000 shares of the aerospace company’s stock valued at $26,635,000 after acquiring an additional 24,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Astronics by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,448,121 shares of the aerospace company’s stock valued at $27,572,000 after purchasing an additional 23,444 shares during the last quarter. Bares Capital Management Inc. lifted its holdings in Astronics by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 899,351 shares of the aerospace company’s stock valued at $17,124,000 after purchasing an additional 84,659 shares in the last quarter. Senator Investment Group LP boosted its stake in shares of Astronics by 7.3% during the 1st quarter. Senator Investment Group LP now owns 545,754 shares of the aerospace company’s stock worth $10,391,000 after purchasing an additional 36,980 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Astronics by 4.4% during the first quarter. First Eagle Investment Management LLC now owns 360,876 shares of the aerospace company’s stock worth $6,871,000 after buying an additional 15,300 shares in the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

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.