Astronics (NASDAQ:ATRO) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Astronics Co. (NASDAQ:ATRO)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.40 and traded as high as $18.63. Astronics shares last traded at $18.43, with a volume of 200,463 shares trading hands.

Wall Street Analyst Weigh In

ATRO has been the subject of several research reports. StockNews.com raised Astronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. Truist Financial lowered their price objective on Astronics from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th.

Astronics Trading Up 0.7 %

The company has a market capitalization of $649.84 million, a price-to-earnings ratio of -96.99 and a beta of 1.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. The business’s 50-day moving average price is $16.46 and its two-hundred day moving average price is $18.40.

Institutional Trading of Astronics

Institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its holdings in shares of Astronics by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 971 shares during the period. RiverPark Advisors LLC grew its holdings in shares of Astronics by 3.5% during the 3rd 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 last quarter. The Manufacturers Life Insurance Company increased its position in Astronics by 10.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,195 shares of the aerospace company’s stock worth $224,000 after purchasing an additional 1,094 shares in the last quarter. Franklin Resources Inc. boosted its position in Astronics by 6.7% in the third quarter. Franklin Resources Inc. now owns 20,189 shares of the aerospace company’s stock valued at $411,000 after buying an additional 1,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Astronics by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 81,169 shares of the aerospace company’s stock valued at $1,581,000 after purchasing an additional 1,432 shares during the last quarter. 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.