AstroNova (NASDAQ:ALOT) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT - Free Report) in a research report released on Wednesday morning. The brokerage issued a buy rating on the business services provider's stock.

AstroNova Trading Down 4.6 %

Shares of AstroNova stock traded down $0.42 on Wednesday, reaching $8.62. 8,634 shares of the company were exchanged, compared to its average volume of 13,428. 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 fifty-two week low of $8.33 and a fifty-two week high of $18.25. The firm has a market capitalization of $64.90 million, a price-to-earnings ratio of 17.24 and a beta of 0.49. The stock has a fifty day moving average price of $10.67 and a 200-day moving average price of $12.59.

Institutional Investors Weigh In On AstroNova

A number of large investors have recently made changes to their positions in ALOT. Bridgeway Capital Management LLC boosted 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 worth $472,000 after purchasing an additional 2,574 shares during the period. Northern Trust Corp boosted its position in shares of AstroNova by 14.6% in the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after buying an additional 8,314 shares during the period. 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 worth $847,000 after buying an additional 1,226 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of AstroNova by 22.9% during 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 buying an additional 15,544 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in AstroNova during the fourth quarter valued at $1,536,000. Institutional investors and hedge funds own 43.02% of the company's stock.

AstroNova Company Profile

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).