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

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

AstroNova Stock Down 0.4 %

Shares of NASDAQ:ALOT opened at $10.86 on Friday. The company has a market capitalization of $81.78 million, a PE ratio of 21.72 and a beta of 0.66. 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 company’s fifty day moving average is $11.86 and its 200-day moving average is $13.42. AstroNova has a 52 week low of $10.29 and a 52 week high of $18.25.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 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

Several institutional investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC increased its stake in shares of AstroNova by 7.0% in the fourth 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. Northern Trust Corp grew its holdings in AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after acquiring an additional 8,314 shares during the last quarter. Geode Capital Management LLC increased its position in AstroNova by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after acquiring an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of 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 acquiring an additional 13,000 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in shares of AstroNova during the fourth quarter worth approximately $1,536,000. 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).