For its second fiscal quarter (ending June 30), Astronics Corp (NASDAQ: ATRO) has reported E.P.S. of $0.04 compared to $-0.37 a year ago. E.P.S. were $-0.36 for the latest four quarters through June 30 versus $-1.17 for the same period a year ago.
Recent Price Action
On 8/1/24, Astronics Corp (NASDAQ: ATRO) stock suffered a large decline of -5.3%, closing at $21.82. Moreover, this decline was accompanied by unusually high trading volume at 176% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.4% during the last week.
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 (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 17 but a very high Power Rating of 90, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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