StockNews.com initiated coverage on shares of AstroNova (NASDAQ:ALOT - Free Report) in a research note released on Wednesday. The brokerage issued a buy rating on the business services provider's stock.
AstroNova Stock Performance
Shares of NASDAQ ALOT traded up $0.10 during trading on Wednesday, reaching $9.04. 17,795 shares of the company traded hands, compared to its average volume of 13,386. The stock has a market cap of $68.06 million, a P/E ratio of 18.08 and a beta of 0.62. The firm's fifty day simple moving average is $10.82 and its 200 day simple moving average is $12.67. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. AstroNova has a 12-month low of $8.33 and a 12-month high of $18.25.
Institutional Investors Weigh In On AstroNova
A number of hedge funds and other institutional investors have recently made changes to their positions in ALOT. Geode Capital Management LLC lifted its stake 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. Peapod Lane Capital LLC purchased a new position in AstroNova in the fourth quarter valued at $1,536,000. Diamond Hill Capital Management Inc. raised its position in shares of 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 worth $1,003,000 after acquiring an additional 15,544 shares during the period. Northern Trust Corp boosted its stake in shares of 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 acquiring an additional 8,314 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after acquiring an additional 2,574 shares in the last quarter. Institutional investors and hedge funds own 43.02% of the company's stock.
AstroNova Company Profile
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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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