Astronics (NASDAQ:ATRO - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.
Separately, Truist Financial decreased their price objective on Astronics from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th.
Read Our Latest Analysis on ATRO
Astronics Trading Up 0.4 %
Shares of ATRO traded up $0.07 during trading hours on Wednesday, hitting $20.01. The company had a trading volume of 632,303 shares, compared to its average volume of 283,818. The firm has a market cap of $705.59 million, a P/E ratio of -105.31 and a beta of 1.79. The stock's 50 day moving average price is $17.51 and its 200 day moving average price is $18.22. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. Astronics has a 52-week low of $14.13 and a 52-week high of $23.74.
Institutional Trading of Astronics
Several large investors have recently modified their holdings of ATRO. Assenagon Asset Management S.A. bought a new stake in shares of Astronics in the third quarter worth about $964,000. DekaBank Deutsche Girozentrale boosted its position in Astronics by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company's stock valued at $163,000 after acquiring an additional 971 shares in the last quarter. Black Swift Group LLC bought a new stake in Astronics during the 3rd quarter valued at approximately $756,000. RiverPark Advisors LLC boosted its position in 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 acquiring an additional 1,015 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Astronics by 32.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 84,181 shares of the aerospace company's stock valued at $1,640,000 after acquiring an additional 20,514 shares in the last quarter. 56.68% of the stock is owned by institutional investors.
About Astronics
(
Get Free Report)
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.
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