Astronics (NASDAQ:ATRO) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Astronics Co. (NASDAQ:ATRO - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATRO. Truist Financial reduced their target price on shares of Astronics from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Astronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 5th.

Astronics Stock Performance

The company has a market cap of $658.66 million, a P/E ratio of -98.34 and a beta of 1.79. The company's 50-day moving average is $16.99 and its two-hundred day moving average is $18.16. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72.

Hedge Funds Weigh In On Astronics

Institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC grew its position in Astronics by 355.5% during the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock valued at $57,000 after buying an additional 2,791 shares during the period. Public Employees Retirement System of Ohio grew its position in Astronics by 167.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,156 shares of the aerospace company's stock valued at $66,000 after buying an additional 2,600 shares during the period. KLP Kapitalforvaltning AS bought a new position in Astronics during the fourth quarter valued at about $73,000. Point72 Asset Management L.P. grew its position in Astronics by 337.9% during the third quarter. Point72 Asset Management L.P. now owns 5,356 shares of the aerospace company's stock valued at $104,000 after buying an additional 4,133 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Astronics during the third quarter valued at about $106,000. Institutional investors 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.