StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT - Free Report) in a research note issued to investors on Tuesday morning. The brokerage issued a buy rating on the business services provider's stock.
AstroNova Price Performance
Shares of AstroNova stock traded up $0.09 during midday trading on Tuesday, hitting $11.60. 973 shares of the company traded hands, compared to its average volume of 8,169. AstroNova has a 12 month low of $11.00 and a 12 month high of $18.25. The stock has a market cap of $87.32 million, a price-to-earnings ratio of 23.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. The firm's fifty day moving average price is $13.31 and its 200-day moving average price is $13.91.
AstroNova (NASDAQ:ALOT - Get Free Report) last issued its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of ALOT. Peapod Lane Capital LLC bought a new position in shares of AstroNova during the 4th quarter valued at approximately $1,536,000. Geode Capital Management LLC raised its stake in shares of AstroNova by 10.5% in the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider's stock valued at $933,000 after buying an additional 6,592 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of AstroNova by 23.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider's stock valued at $915,000 after buying an additional 13,000 shares during the last quarter. Hedge funds and other institutional investors own 43.02% of the company's stock.
About AstroNova
(
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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).
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