Astronics (NASDAQ:ATRO) Stock Passes Above 200-Day Moving Average of $12.73

Astronics Co. (NASDAQ:ATRO – Get Rating)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.73 and traded as high as $16.71. Astronics shares last traded at $16.52, with a volume of 104,027 shares.

Analyst Ratings Changes

ATRO has been the topic of several research analyst reports. TheStreet upgraded shares of Astronics from a “d” rating to a “c-” rating in a research report on Thursday, March 2nd. Truist Financial lifted their price objective on shares of Astronics from $13.00 to $15.00 in a research report on Wednesday, May 10th. Finally, StockNews.com upgraded shares of Astronics from a “hold” rating to a “buy” rating in a research report on Friday, May 12th.

Astronics Stock Down 0.5 %

The stock has a market cap of $536.24 million, a P/E ratio of -14.37 and a beta of 1.56. The company has a current ratio of 2.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average is $14.86 and its 200 day moving average is $12.73.

Astronics (NASDAQ:ATRO – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The aerospace company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The company had revenue of $158.15 million for the quarter, compared to the consensus estimate of $157.50 million. Astronics had a negative return on equity of 15.34% and a negative net margin of 6.44%. As a group, equities research analysts forecast that Astronics Co. will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Astronics

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in shares of Astronics by 185.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,597 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 2,336 shares in the last quarter. Standard Family Office LLC acquired a new position in Astronics during the third quarter worth $39,000. Quantbot Technologies LP lifted its stake in Astronics by 158.3% in the first quarter. Quantbot Technologies LP now owns 3,100 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 1,900 shares during the last quarter. Smithfield Trust Co lifted its stake in shares of Astronics by 1,337.1% during the 1st quarter. Smithfield Trust Co now owns 4,527 shares of the aerospace company’s stock worth $60,000 after buying an additional 4,212 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Astronics during the 1st quarter worth about $67,000. 57.19% of the stock is currently owned by institutional investors and hedge funds.

About Astronics

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Astronics Corp. engages in the provision of electrical power generation and distribution systems. It includes motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. It operates through the Aerospace and Test Systems segments.