Astronics (NASDAQ:ATRO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Astronics (NASDAQ:ATRO) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Separately, Truist Financial dropped their price target on Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th.

Astronics Stock Down 0.5 %

ATRO stock opened at $17.04 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83. The company has a market capitalization of $600.83 million, a price-to-earnings ratio of -89.68 and a beta of 1.79. Astronics has a fifty-two week low of $14.13 and a fifty-two week high of $23.74. The stock has a fifty day moving average of $16.37 and a 200-day moving average of $18.54.

Hedge Funds Weigh In On Astronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new position in shares of Astronics during the second quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Astronics in the third quarter worth $106,000. DekaBank Deutsche Girozentrale grew its stake 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 during the period. EP Wealth Advisors LLC purchased a new stake in Astronics in the third quarter worth $202,000. Finally, Stifel Financial Corp purchased a new stake in Astronics in the third quarter worth $212,000. 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.