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

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

AstroNova Stock Performance

ALOT stock opened at $8.92 on Wednesday. AstroNova has a one year low of $8.33 and a one year high of $18.25. The firm has a market cap of $67.16 million, a price-to-earnings ratio of 17.84 and a beta of 0.62. 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 firm has a 50-day simple moving average of $10.89 and a two-hundred day simple moving average of $12.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC purchased a new stake in AstroNova in the fourth quarter valued at about $4,507,000. Peapod Lane Capital LLC acquired a new position in shares of AstroNova during the fourth quarter valued at about $1,536,000. Diamond Hill Capital Management Inc. raised its position in shares of AstroNova by 22.9% in 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 during the last quarter. Geode Capital Management LLC boosted its stake 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 worth $847,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Northern Trust Corp grew its position 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 purchasing an additional 8,314 shares during the last quarter. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

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).