Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Astronics Corp (NASDAQ: ATRO) improved during the last several trading days. ATRO’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Astronics Corp (NASDAQ: ATRO) stock closed at $17.01 on 4/12/24 after a slight gain of 0.06%. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -3.9% during the last week.
Current PriceTarget Research Rating
ATRO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be an important Value Builder.
Astronics has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Astronics has a poor Appreciation Score of 22 but a slightly positive Power Rating of 66, with the Low Neutral Value Trend Rating the result.
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