StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT - Free Report) in a report issued on Thursday. The brokerage issued a buy rating on the business services provider's stock.
AstroNova Trading Up 2.7 %
ALOT traded up $0.22 during mid-day trading on Thursday, reaching $8.32. The stock had a trading volume of 267 shares, compared to its average volume of 13,476. The stock has a market capitalization of $62.60 million, a P/E ratio of 16.63 and a beta of 0.49. AstroNova has a 52 week low of $7.53 and a 52 week high of $18.25. 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 simple moving average is $10.24 and its two-hundred day simple moving average is $12.33.
AstroNova (NASDAQ:ALOT - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%. The firm had revenue of $37.36 million during the quarter.
Hedge Funds Weigh In On AstroNova
Institutional investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC bought a new position in AstroNova during the fourth quarter worth about $4,507,000. Peapod Lane Capital LLC acquired a new stake in AstroNova in the 4th quarter valued at $1,536,000. Diamond Hill Capital Management Inc. grew its stake in AstroNova by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider's stock valued at $1,003,000 after purchasing an additional 15,544 shares in the last quarter. Northern Trust Corp raised its position in AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after acquiring an additional 8,314 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in AstroNova by 10.5% during the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider's stock worth $933,000 after buying an additional 6,592 shares during the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.
About AstroNova
(
Get Free Report)
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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