Astronics Corp (NASDAQ: ATRO) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, its longer term price trend turned up, and the stock rose on very heavy volume.
Marginal positive changes in fundamentals have recently occurred for Astronics Corp (NASDAQ: ATRO): the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ATRO is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Astronics has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Astronics has a poor Appreciation Score of 21 but a good Power Rating of 71, leading to the Low Neutral Value Trend Rating.
Recent Price Action
Astronics Corp (NASDAQ: ATRO) stock closed at $20.64 on 5/15/24 after a very large increase of 9.1%. Moreover, exceptionally high trading volume at 277% of normal accompanied the advance. The stock has risen 10.4% during the last week and has been strong relative to the market over the last nine months.
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