Astronics (NASDAQ:ATRO) Stock Rating Lowered by StockNews.com

Astronics (NASDAQ:ATRO) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, Truist Financial lowered their price objective on Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th.

Astronics Trading Up 0.6 %

Shares of NASDAQ ATRO opened at $19.94 on Wednesday. The stock has a market capitalization of $703.12 million, a P/E ratio of -104.94 and a beta of 1.79. The stock’s 50 day moving average price is $17.34 and its two-hundred day moving average price is $18.20. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. Astronics has a 52-week low of $14.13 and a 52-week high of $23.74.

Institutional Trading of Astronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AlphaQuest LLC lifted its stake in Astronics by 355.5% during the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company’s stock valued at $57,000 after buying an additional 2,791 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Astronics by 167.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,156 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Astronics during the 4th quarter valued at $73,000. Point72 Asset Management L.P. raised its holdings in Astronics by 337.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,356 shares of the aerospace company’s stock valued at $104,000 after acquiring an additional 4,133 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Astronics during the 3rd quarter worth about $106,000. 56.68% of the stock is currently owned by institutional investors.

Astronics Company Profile

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.