AstroNova (NASDAQ:ALOT) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.25 and traded as low as $11.83. AstroNova shares last traded at $12.18, with a volume of 11,777 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded AstroNova from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th.

AstroNova Stock Up 3.0 %

The company has a market capitalization of $94.38 million, a PE ratio of 14.75 and a beta of 0.55. The stock's fifty day moving average is $14.01 and its two-hundred day moving average is $15.25. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25.

AstroNova (NASDAQ:ALOT - Get Free Report) last posted its quarterly earnings results on Monday, September 16th. The business services provider reported $0.08 EPS for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%. The company had revenue of $40.54 million for the quarter.

Institutional Investors Weigh In On AstroNova

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in AstroNova by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider's stock worth $6,229,000 after purchasing an additional 2,700 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in AstroNova during the first quarter valued at approximately $206,000. Finally, Diamond Hill Capital Management Inc. grew its stake in AstroNova by 23.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider's stock valued at $915,000 after acquiring an additional 13,000 shares in the last quarter. Institutional investors 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).