AstroNova (NASDAQ:ALOT) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of AstroNova (NASDAQ:ALOT) from a strong-buy rating to a buy rating in a report published on Thursday morning.

AstroNova Price Performance

Shares of NASDAQ ALOT opened at $14.14 on Thursday. The company’s fifty day moving average is $14.38 and its two-hundred day moving average is $14.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 1.87. The firm has a market capitalization of $106.35 million, a P/E ratio of 28.28 and a beta of 0.61. AstroNova has a one year low of $11.82 and a one year high of $18.83.

AstroNova (NASDAQ:ALOT) last released 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 7.77% and a net margin of 4.20%.

Institutional Trading of AstroNova

Several institutional investors and hedge funds have recently modified their holdings of the business. Diamond Hill Capital Management Inc. raised its position in shares of AstroNova by 23.6% during the 3rd 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 last quarter. Geode Capital Management LLC raised 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 worth $933,000 after acquiring an additional 6,592 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of AstroNova by 0.8% in the first quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock valued at $6,229,000 after acquiring an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 43.02% of the company’s stock.

About AstroNova

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).