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

StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT) in a research note published on Saturday. The firm issued a buy rating on the business services provider’s stock.

AstroNova Trading Down 1.0 %

AstroNova stock opened at $10.75 on Friday. AstroNova has a 52-week low of $10.29 and a 52-week high of $18.25. The company has a market cap of $80.94 million, a P/E ratio of 21.50 and a beta of 0.66. 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 has a 50-day simple moving average of $11.82 and a two-hundred day simple moving average of $13.39.

AstroNova (NASDAQ:ALOT) last announced its earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Institutional Investors Weigh In On AstroNova

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diamond Hill Capital Management Inc. grew its holdings in AstroNova by 23.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 13,000 shares during the period. Geode Capital Management LLC lifted its position in shares of AstroNova by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after buying an additional 6,592 shares in the last quarter. Peapod Lane Capital LLC purchased a new position in shares of AstroNova during the 4th quarter valued at about $1,536,000. Northern Trust Corp grew its stake in shares of AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 8,314 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in AstroNova by 7.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock worth $472,000 after acquiring an additional 2,574 shares in 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).