Astronics (NASDAQ:ATRO) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Astronics Co. (NASDAQ:ATRO) 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 traded.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ATRO shares. StockNews.com raised Astronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Truist Financial decreased their target price on Astronics from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th.

Astronics Price Performance

The firm has a 50 day moving average of $16.99 and a 200-day moving average of $18.16. The company has a market cap of $666.38 million, a P/E ratio of -99.46 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.

Hedge Funds Weigh In On Astronics

Several institutional investors have recently added to or reduced their stakes in ATRO. AlphaQuest LLC grew its holdings in Astronics by 355.5% during the 4th 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 in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Astronics by 167.1% during the 4th 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 in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Astronics during the 4th quarter valued at approximately $73,000. Point72 Asset Management L.P. grew its holdings in Astronics by 337.9% during the 3rd 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Astronics during the 3rd quarter valued at approximately $106,000. Hedge funds and other institutional investors own 56.68% of the company’s stock.

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.