On Thursday, Astronics got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Astronics is now out of buy range after breaking out from a 26.63 buy point in a cup without handle.
The stock sports an 80 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company posted 90% EPS growth. Top line growth came in at 3%, down from 11% in the previous quarter.
Astronics holds the No. 15 rank among its peers in the Aerospace/Defense industry group. GE Aerospace, Innovative Sol & Support and Karman Holdings are among the top 5 highly-rated stocks within the group.
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