Equities researchers at StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT - Get Free Report) in a research note issued on Monday. The brokerage set a "buy" rating on the business services provider's stock.
AstroNova Trading Down 8.8 %
Shares of NASDAQ:ALOT traded down $0.94 during trading on Monday, reaching $9.71. The company's stock had a trading volume of 11,042 shares, compared to its average volume of 13,547. The stock has a market capitalization of $73.07 million, a PE ratio of 19.41 and a beta of 0.62. AstroNova has a 12 month low of $9.43 and a 12 month high of $18.25. The firm's 50 day simple moving average is $11.37 and its two-hundred day simple moving average is $13.06. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23.
Institutional Investors Weigh In On AstroNova
A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its stake in AstroNova by 10.5% during the 3rd 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. Peapod Lane Capital LLC purchased a new stake in AstroNova in the fourth quarter valued at $1,536,000. Diamond Hill Capital Management Inc. grew its position in 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 worth $1,003,000 after purchasing an additional 15,544 shares during the period. Northern Trust Corp raised 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 valued at $785,000 after buying an additional 8,314 shares during the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in shares of AstroNova during the 4th quarter valued at about $4,507,000. 43.02% of the stock is currently owned by hedge funds and other institutional investors.
AstroNova Company Profile
(
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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