AstroNova (NASDAQ:ALOT) Now Covered by StockNews.com

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

AstroNova Stock Down 1.8 %

NASDAQ ALOT opened at $11.60 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. AstroNova has a 52 week low of $11.00 and a 52 week high of $18.25. The business’s fifty day simple moving average is $12.74 and its 200-day simple moving average is $13.70. The firm has a market cap of $87.35 million, a PE ratio of 23.20 and a beta of 0.66.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings data 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 Trading of AstroNova

A number of large investors have recently modified their holdings of ALOT. Peapod Lane Capital LLC acquired a new position in shares of AstroNova during the 4th quarter worth about $1,536,000. Diamond Hill Capital Management Inc. increased its position in AstroNova by 22.9% in 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 acquiring an additional 15,544 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 6,592 shares during the period. Hedge funds and other 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).