Astronics (NASDAQ:ATRO) was downgraded by equities researchers at Dougherty & Co from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.
Several other research firms have also weighed in on ATRO. ValuEngine raised Astronics from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Zacks Investment Research raised Astronics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, BidaskClub lowered Astronics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $37.75.
Shares of ATRO stock opened at $28.21 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.71 and a current ratio of 2.96. Astronics has a 52 week low of $25.85 and a 52 week high of $44.34. The stock has a market capitalization of $892.20 million, a PE ratio of 9.53, a PEG ratio of 2.13 and a beta of 1.41. The stock’s fifty day moving average is $28.67 and its 200-day moving average is $30.50.
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.
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