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

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

AstroNova Price Performance

NASDAQ:ALOT opened at $10.30 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $11.59 and its 200 day moving average price is $13.28. AstroNova has a 52-week low of $10.01 and a 52-week high of $18.25. The firm has a market cap of $77.55 million, a P/E ratio of 20.60 and a beta of 0.62.

AstroNova (NASDAQ:ALOT) last released its 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

A number of hedge funds have recently modified their holdings of the stock. Bridgeway Capital Management LLC boosted its position 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 purchasing an additional 2,574 shares during the period. Northern Trust Corp lifted its stake in AstroNova by 14.6% during the fourth 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. Geode Capital Management LLC boosted its holdings in shares of AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after buying an additional 1,226 shares during the period. Diamond Hill Capital Management Inc. increased its position 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 in the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in shares of AstroNova during the fourth quarter valued at approximately $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).