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

Astronics Co. (NASDAQ:ATRO - Get Free Report) crossed 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 topic of a number of recent research reports. StockNews.com raised Astronics from a "hold" rating to a "buy" rating in a research note on Wednesday. Truist Financial reduced their price target 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 Stock Up 1.4 %

The company has a market capitalization of $674.17 million, a P/E ratio of -100.63 and a beta of 1.79. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The stock's fifty day moving average is $16.63 and its 200 day moving average is $18.39.

Institutional Investors Weigh In On Astronics

Several institutional investors and hedge funds have recently modified their holdings of the stock. AlphaQuest LLC raised its stake in Astronics by 355.5% in the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock worth $57,000 after buying an additional 2,791 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Astronics by 337.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,356 shares of the aerospace company's stock valued at $104,000 after purchasing an additional 4,133 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Astronics during the third quarter valued at approximately $106,000. Arcadia Investment Management Corp MI purchased a new stake in Astronics in the fourth quarter worth $135,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Astronics by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company's stock worth $163,000 after purchasing an additional 971 shares in the last quarter. 56.68% of the stock is owned by hedge funds and other institutional investors.

Astronics Company Profile

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.