Astronics (NASDAQ:ATRO) Shares Gap Down – Time to Sell?

Astronics Co. (NASDAQ:ATRO)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $17.61, but opened at $15.66. Astronics shares last traded at $15.66, with a volume of 1,001 shares changing hands.

Analyst Ratings Changes

Separately, Truist Financial lowered their price target on Astronics from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, October 18th.

Astronics Trading Up 3.8 %

The business has a 50 day moving average of $18.73 and a two-hundred day moving average of $19.70. The firm has a market cap of $572.98 million, a P/E ratio of -82.42 and a beta of 1.83. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in Astronics by 328.2% during the third quarter. Barclays PLC now owns 45,313 shares of the aerospace company’s stock worth $883,000 after acquiring an additional 34,730 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Astronics by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 691,522 shares of the aerospace company’s stock worth $13,474,000 after purchasing an additional 13,469 shares during the last quarter. XTX Topco Ltd boosted its stake in Astronics by 224.7% in the 3rd quarter. XTX Topco Ltd now owns 37,024 shares of the aerospace company’s stock valued at $721,000 after purchasing an additional 25,621 shares during the period. EP Wealth Advisors LLC acquired a new position in Astronics in the 3rd quarter valued at $202,000. Finally, Jane Street Group LLC increased its position in Astronics by 49.0% during the 3rd quarter. Jane Street Group LLC now owns 51,147 shares of the aerospace company’s stock worth $996,000 after buying an additional 16,823 shares during the period. Institutional investors and hedge funds 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.