Positive Media Coverage Somewhat Unlikely to Impact Astronics (ATRO) Share Price

News articles about Astronics (NASDAQ:ATRO) have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Astronics earned a news impact score of 0.27 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.633327114235 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Astronics (NASDAQ:ATRO) opened at $41.88 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.57 and a current ratio of 3.07. The stock has a market cap of $1,172.68, a PE ratio of 35.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.16. Astronics has a one year low of $23.95 and a one year high of $49.45.

Astronics declared that its board has initiated a share repurchase plan on Monday, December 18th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

ATRO has been the subject of several research reports. Zacks Investment Research raised shares of Astronics from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, January 2nd. BidaskClub raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. SunTrust Banks reaffirmed a “hold” rating and issued a $44.00 price target on shares of Astronics in a report on Tuesday, January 9th. Dougherty & Co boosted their target price on shares of Astronics from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, Canaccord Genuity reissued a “buy” rating and set a $40.00 target price on shares of Astronics in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $46.25.

In other Astronics news, CEO Peter J. Gundermann sold 2,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $43.48, for a total transaction of $86,960.00. Following the completion of the transaction, the chief executive officer now directly owns 31,595 shares of the company’s stock, valued at approximately $1,373,750.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.45% of the company’s stock.

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Astronics Company Profile

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.

Insider Buying and Selling by Quarter for Astronics (NASDAQ:ATRO)

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