Astrotech (NASDAQ:ASTC) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Astrotech Co. (NASDAQ:ASTC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.68 and traded as low as $5.75. Astrotech shares last traded at $5.85, with a volume of 2,305 shares changing hands.

Astrotech Stock Performance

The company has a market cap of $9.96 million, a PE ratio of -0.72 and a beta of 0.22. The stock’s 50-day simple moving average is $6.16 and its 200 day simple moving average is $6.68.

Astrotech (NASDAQ:ASTC) last posted its quarterly earnings results on Friday, February 14th. The aerospace company reported ($2.45) earnings per share (EPS) for the quarter. Astrotech had a negative return on equity of 40.44% and a negative net margin of 3,198.09%. The firm had revenue of $260 billion for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Astrotech stock. Dimensional Fund Advisors LP increased its stake in Astrotech Co. (NASDAQ:ASTC) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,930 shares of the aerospace company’s stock after purchasing an additional 1,579 shares during the quarter. Dimensional Fund Advisors LP owned 0.70% of Astrotech worth $80,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.35% of the company’s stock.

Astrotech Company Profile

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.