Astronics (NASDAQ:ATRO) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Astronics Co. (NASDAQ:ATRO)’s share price passed 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 $18.80. Astronics shares last traded at $18.51, with a volume of 145,951 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded Astronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Truist Financial lowered their price target on Astronics from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th.

Astronics Price Performance

The company has a 50-day simple moving average of $16.89 and a 200-day simple moving average of $18.17. The company has a market cap of $652.66 million, a price-to-earnings ratio of -97.42 and a beta of 1.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83.

Institutional Trading of Astronics

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Astronics by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,422 shares of the aerospace company’s stock worth $262,000 after purchasing an additional 684 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Astronics by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 20,882 shares of the aerospace company’s stock worth $333,000 after purchasing an additional 693 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Astronics by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock valued at $163,000 after buying an additional 971 shares during the period. RiverPark Advisors LLC grew its holdings in Astronics by 3.5% in the third quarter. RiverPark Advisors LLC now owns 30,394 shares of the aerospace company’s stock valued at $592,000 after purchasing an additional 1,015 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Astronics by 2.2% during the 4th quarter. Swiss National Bank now owns 54,800 shares of the aerospace company’s stock worth $875,000 after buying an additional 1,200 shares during 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.