Astronics Corporation (ATRO) Crumbles: Stock Falls by 5%


Astronics Corporation (ATRO) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $54.50–$61.99 in the past one-month time frame, showed a sharp decline yesterday at $56.45.

Astronics Corporation has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

ATRO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the aerospace and defense equipment space include Siemens American Science & Engineering Inc. (ASEI), B/E Aerospace Inc. (BEAV) and BAE Systems plc (BAESY). All these stocks hold a Zacks Rank #2 (Buy).

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