AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 19,500 shares, a decline of 8.9% from the November 15th total of 21,400 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Ratings Changes

Separately, StockNews.com downgraded AstroNova from a "strong-buy" rating to a "buy" rating in a report on Thursday.

AstroNova Trading Down 5.8 %

Shares of ALOT traded down $0.87 during midday trading on Friday, hitting $14.14. The stock had a trading volume of 35,983 shares, compared to its average volume of 13,566. The business has a 50-day simple moving average of $14.38 and a two-hundred day simple moving average of $14.71. The firm has a market cap of $106.35 million, a P/E ratio of 28.28 and a beta of 0.61. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25. AstroNova has a fifty-two week low of $11.82 and a fifty-two week high of $18.83.

AstroNova (NASDAQ:ALOT - Get Free Report) last posted its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of AstroNova by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider's stock valued at $933,000 after purchasing an additional 6,592 shares during the period. Diamond Hill Capital Management Inc. grew its position in AstroNova by 23.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider's stock valued at $915,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in AstroNova by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider's stock valued at $6,229,000 after buying an additional 2,700 shares during the period. Hedge funds and other institutional investors own 43.02% of the company's stock.

About AstroNova

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).