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

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

AstroNova Trading Up 0.2 %

Shares of ALOT opened at $10.84 on Monday. The firm has a market capitalization of $81.61 million, a P/E ratio of 21.68 and a beta of 0.62. 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 stock’s fifty day simple moving average is $11.45 and its 200 day simple moving average is $13.13. AstroNova has a twelve month low of $9.70 and a twelve month 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 return on equity of 5.21% and a net margin of 2.49%.

Institutional Trading of AstroNova

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of AstroNova by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 1,226 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings 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 acquiring an additional 2,574 shares in the last quarter. Northern Trust Corp raised 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 worth $785,000 after buying an additional 8,314 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of AstroNova by 22.9% during 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 purchasing an additional 15,544 shares in the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in AstroNova in the fourth quarter worth approximately $1,536,000. Institutional investors and hedge funds 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).