Equities research analysts at StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT - Get Free Report) in a report issued on Friday. The brokerage set a "buy" rating on the business services provider's stock.
AstroNova Trading Down 4.2 %
NASDAQ ALOT traded down $0.50 on Friday, hitting $11.49. 6,277 shares of the stock were exchanged, compared to its average volume of 6,714. AstroNova has a 52-week low of $11.00 and a 52-week high of $18.25. The company has a market capitalization of $86.52 million, a price-to-earnings ratio of 22.98 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. The company's 50-day moving average price is $12.17 and its two-hundred day moving average price is $13.55.
AstroNova (NASDAQ:ALOT - Get Free Report) last announced its quarterly earnings results 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
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC lifted its stake in AstroNova by 7.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock valued at $472,000 after acquiring an additional 2,574 shares in the last quarter. Northern Trust Corp lifted its holdings in AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after purchasing an additional 8,314 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock valued at $847,000 after acquiring an additional 1,226 shares during the period. Diamond Hill Capital Management Inc. increased its stake in 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 worth $915,000 after acquiring an additional 13,000 shares during the period. Finally, Peapod Lane Capital LLC acquired a new stake in AstroNova during the fourth quarter worth about $1,536,000. 43.02% of the stock is 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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