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

Research analysts at StockNews.com initiated coverage on shares of AstroNova (NASDAQ:ALOT) in a report released on Friday. The firm set a “buy” rating on the business services provider’s stock.

AstroNova Price Performance

NASDAQ ALOT opened at $11.99 on Friday. The stock’s 50-day moving average price is $12.17 and its two-hundred day moving average price is $13.55. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The company has a market cap of $90.28 million, a PE ratio of 23.98 and a beta of 0.66. AstroNova has a 1 year low of $11.00 and a 1 year high of $18.25.

AstroNova (NASDAQ:ALOT) last released its 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

Several large investors have recently made changes to their positions in ALOT. Diamond Hill Capital Management Inc. grew its stake in shares of AstroNova by 23.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after buying an additional 13,000 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of AstroNova by 10.5% in the 3rd 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 in the last quarter. Peapod Lane Capital LLC bought a new stake in shares of AstroNova in the 4th quarter valued at approximately $1,536,000. Northern Trust Corp grew its stake in shares of AstroNova by 14.6% in 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 in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of AstroNova by 7.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after buying an additional 2,574 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).