Colliers Securities analyst Richard Ryan maintained a Hold rating on Astronics (ATRO) today. The company’s shares closed last Thursday at $17.11.
According to TipRanks.com, Ryan is a 4-star analyst with an average return of 14.8% and a 62.7% success rate. Ryan covers the Technology sector, focusing on stocks such as Allied Motion Technologies, Vishay Precision Group, and Ultra Clean Holdings.
Astronics has an analyst consensus of Moderate Buy, with a price target consensus of $18.00.
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Based on Astronics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $115 million and GAAP net loss of $19.99 million. In comparison, last year the company earned revenue of $198 million and had a GAAP net loss of $34.07 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATRO in relation to earlier this year. Most recently, in March 2021, Robert Brady, a Director at ATRO bought 6,926 shares for a total of $53,884.
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Astronics Corp. engages in the provision of electrical power generation and distribution systems. It includes motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. It operates through the Aerospace and Test Systems segments. The Aerospace segment designs and manufactures products for the global aerospace industry. The Test Systems segment designs, develops, manufactures and maintains communications and weapons test systems and training and simulation devices for military applications. The firm’s products and solutions include Aircraft Data Systems, Aircraft Electrical Power Systems, Airfield Lighting, Custom Design & Manufacturing, Emergency Systems, Enhanced Vision Systems, IFC Antennas and Radome Systems, Inflight Entertainment System Hardware, Interiors & Structures, Lighting Systems, Seat Actuation Systems, Simulation & Training, Systems Certification, Test & Measurement and VIP IFEC & CMS Systems. The company was founded in 1968 and is headquartered in East Aurora, NY.
