Analysts at StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT - Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a "buy" rating on the business services provider's stock.
AstroNova Price Performance
Shares of ALOT traded down $0.38 during trading hours on Tuesday, reaching $8.91. 15,396 shares of the company's stock traded hands, compared to its average volume of 13,451. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The firm's 50 day simple moving average is $11.08 and its 200-day simple moving average is $12.84. The stock has a market cap of $67.08 million, a PE ratio of 17.82 and a beta of 0.62. AstroNova has a 12 month low of $8.33 and a 12 month high of $18.25.
Institutional Trading of AstroNova
Several institutional investors and hedge funds have recently made changes to their positions in ALOT. Bridgeway Capital Management LLC grew its position in AstroNova by 7.0% in the fourth 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. Northern Trust Corp lifted its holdings in shares of AstroNova by 14.6% in 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of AstroNova by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock valued at $847,000 after purchasing an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of AstroNova by 22.9% during the 4th 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 during the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in AstroNova in the 4th quarter worth $1,536,000. Hedge funds and other institutional investors own 43.02% of the company's stock.
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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