Astronics Corporation (ATRO) Moves Lower on Volume Spike for March 16

Equities Staff  |

Astronics Corporation (ATRO) traded on unusually high volume on Mar. 16, as the stock lost 0.9% to close at $38.56. On the day, Astronics Corporation saw 421,106 shares trade hands on 1,824 trades. Considering that the stock averages only a daily volume of 141,639 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $49.45 and $23.95 over the last 52-weeks, its 50-day SMA is now $41.98, and its 200-day SMA $34.82. Astronics Corporation has a P/B ratio of 3.28. It also has a P/E ratio of 58.1.

Astronics Corp supplies products to the aerospace, defense and other industries.The company has two reportable segments namely Aerospace and Test Systems. It generates a majority of its revenue from the Aerospace segment.

Headquartered in East Aurora, NY, Astronics Corporation has 2,700 employees and is currently under the leadership of CEO Peter J. Gundermann.

For a complete fundamental analysis analysis of Astronics Corporation, check out’s Stock Valuation Analysis report for ATRO.

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To get more information on Astronics Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: ATRO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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