Astronics (NASDAQ:ATRO - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Wednesday.
Separately, Truist Financial lowered their price objective on Astronics from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Tuesday.
View Our Latest Research Report on ATRO
Astronics Stock Up 5.2 %
ATRO traded up $0.84 on Wednesday, hitting $16.91. 455,502 shares of the company were exchanged, compared to its average volume of 260,078. The firm has a 50-day moving average price of $16.34 and a two-hundred day moving average price of $18.76. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. Astronics has a twelve month low of $14.13 and a twelve month high of $23.74. The company has a market cap of $596.28 million, a price-to-earnings ratio of -89.00 and a beta of 1.79.
Hedge Funds Weigh In On Astronics
A number of institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in Astronics in the second quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Astronics in the 3rd quarter valued at about $106,000. DekaBank Deutsche Girozentrale raised its position 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 in the last quarter. EP Wealth Advisors LLC purchased a new stake in Astronics during the third quarter worth approximately $202,000. Finally, Stifel Financial Corp acquired a new position in Astronics in the third quarter valued at approximately $212,000. Institutional investors and hedge funds own 56.68% of the company's stock.
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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