Astrotech (NASDAQ:ASTC) Announces Earnings Results

Astrotech (NASDAQ:ASTC) released its quarterly earnings results on Friday. The aerospace company reported ($2.45) earnings per share for the quarter, Zacks reports. Astrotech had a negative return on equity of 33.26% and a negative net margin of 945.17%.

Astrotech Price Performance

Shares of Astrotech stock opened at $6.65 on Friday. The business has a 50 day simple moving average of $6.84 and a two-hundred day simple moving average of $7.79. Astrotech has a 12 month low of $6.12 and a 12 month high of $12.29. The stock has a market capitalization of $11.31 million, a P/E ratio of -0.91 and a beta of -0.17.

About Astrotech

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.