Astronics Corp (ATRO)
Astronics Corporation (ATRO) is a provider of advanced aerospace and defense technologies, specializing in electrical power management, lighting, and mission equipment. The company designs and manufactures innovative solutions for commercial and military aircraft, as well as other transportation systems, aiming to enhance safety, efficiency, and passenger comfort.
Company News
The global aircraft lighting market is experiencing growth driven by technological advancements in LED lighting, increasing air travel, and demand for enhanced passenger experiences. Key players are focusing on innovative, energy-efficient lighting solutions across interior, exterior, and cockpit applications.
Astronics Corporation's stock price is up 100% year-to-date as of the end of May, driven by strong business performance and resolution of legacy patent disputes. The company supplies parts and components to the aerospace industry, and its profitability and demand for its products are improving.
Investors need to pay close attention to Astronics (ATRO) stock based on the movements in the options market lately.
Spirit AeroSystems' stock took a dive Monday as investors took the aircraft-components maker to task for its part in the grounding of Boeing Co.'s 737 Max 9 planes. Shares of other commercial aerospace companies were also falling.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Arm Holdings plc (NASDAQ: ARM) very much. "Buy some Arm now, and buy some Arm below 50. I think Rene Haas is terrific," he added. Arm made its market debut on Sept. 14 with the year's largest IPO, valued at $54.5 billion. Cramer said Astronics Corporation (NASDAQ: ATRO) is in "aerospace, and right now Boeing is pulling them all down… I would hold onto Astronics." "It hasn’t ...