AstroNova (NASDAQ:ALOT) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the business services provider’s stock.

AstroNova Trading Down 5.6 %

Shares of ALOT stock opened at $11.62 on Tuesday. The stock has a market cap of $87.50 million, a price-to-earnings ratio of 23.24 and a beta of 0.67. The stock has a 50-day moving average of $13.55 and a 200-day moving average of $13.98. 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 1-year low of $11.00 and a 1-year high of $18.25.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Institutional Investors Weigh In On AstroNova

An institutional investor recently raised its position in AstroNova stock. Geode Capital Management LLC boosted its position in AstroNova, Inc. (NASDAQ:ALOT) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,309 shares of the business services provider’s stock after acquiring an additional 6,592 shares during the period. Geode Capital Management LLC owned 0.92% of AstroNova worth $933,000 as of its most recent SEC filing. 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).