Info you need to know about Astrotech (ASTC)
What’s up with Astrotech?
Astrotech (ASTC) opened at $2.53, which means the stock is up 5.53% from yesterday’s closing price of 2.53. Today, the company has a high of $2.81 and a low of $2.44. The stock holds a market cap of $20.30 million which is not impressive since the P/E ratio is -1.99. The company has a 52-week high of $7.75 and a 52-week low of $0.98.
What is P/E ratio?
The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company’s share price to the company’s earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued. Astrotech has a weak.A negative PE ratio means that a stock has negative earnings. In other words, the company was losing money in the past 12 months.
Astrotech Corp. engages in the provision of science and technology development and commercialization businesses. It operates through the 1st Detect Corporation, and Astral Images Corporation segments. The 1st Detect Corporation segment refers to the development of TRACER for use at airports, secured facilities, and borders worldwide. The Astral Images Corporation segment includes the development of film restoration and enhancement software. The company was founded in 1984 and is headquartered in Austin, TX.