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

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

AstroNova Trading Down 0.1 %

AstroNova stock opened at $11.16 on Wednesday. AstroNova has a 1 year low of $11.00 and a 1 year high of $18.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. The firm has a market cap of $84.03 million, a price-to-earnings ratio of 22.32 and a beta of 0.66. The firm’s 50 day moving average price is $13.18 and its two-hundred day moving average price is $13.84.

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

Hedge Funds Weigh In On AstroNova

A number of large investors have recently modified their holdings of ALOT. Geode Capital Management LLC lifted its holdings in AstroNova by 10.5% in the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after buying an additional 6,592 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in AstroNova by 23.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after purchasing an additional 13,000 shares during the period. Finally, Peapod Lane Capital LLC acquired a new stake in AstroNova in the fourth quarter worth $1,536,000. 43.02% of the stock is currently owned by institutional investors and hedge funds.

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).