Astrotech (NASDAQ:ASTC) Posts Quarterly Earnings Results

Astrotech (NASDAQ:ASTC) issued its 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 Stock Performance

Shares of NASDAQ ASTC remained flat at $6.49 during mid-day trading on Friday. The company had a trading volume of 1,575 shares, compared to its average volume of 5,832. Astrotech has a twelve month low of $6.12 and a twelve month high of $12.29. The stock has a market capitalization of $11.03 million, a PE ratio of -0.88 and a beta of -0.17. The business has a fifty day moving average price of $6.87 and a 200-day moving average price of $7.81.

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.