Astronics (NASDAQ:ATRO) Reaches New 1-Year Low – Time to Sell?

Astronics Co. (NASDAQ:ATRO)’s share price reached a new 52-week low on Tuesday . The company traded as low as $14.13 and last traded at $14.78, with a volume of 1087690 shares. The stock had previously closed at $17.61.

Analysts Set New Price Targets

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

Astronics Stock Performance

The company has a market cap of $527.52 million, a P/E ratio of -77.79 and a beta of 1.83. The business has a fifty day moving average of $18.82 and a 200 day moving average of $19.72. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72.

Institutional Trading of Astronics

Several institutional investors and hedge funds have recently bought and sold shares of ATRO. Point72 Asset Management L.P. bought a new position in shares of Astronics in the 2nd quarter worth approximately $25,000. nVerses Capital LLC purchased a new position in Astronics during the second quarter valued at $28,000. Public Employees Retirement System of Ohio bought a new stake in shares of Astronics during the 1st quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Astronics in the 3rd quarter worth about $106,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Astronics by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock worth $163,000 after buying an additional 971 shares during the period. 56.68% of the stock is currently owned by hedge funds and other institutional investors.

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.