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

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOTGet Rating) in a research report released on Monday morning. The firm issued a strong-buy rating on the business services provider’s stock.

AstroNova Price Performance

Shares of AstroNova stock opened at $11.76 on Monday. The stock’s fifty day moving average is $11.87 and its 200-day moving average is $12.15. The firm has a market capitalization of $86.44 million, a PE ratio of -588.00 and a beta of 0.68. The company has a quick ratio of 1.15, a current ratio of 3.00 and a debt-to-equity ratio of 0.10. AstroNova has a 12-month low of $10.97 and a 12-month high of $17.99.

AstroNova (NASDAQ:ALOTGet Rating) last announced its earnings results on Wednesday, September 7th. The business services provider reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $32.26 million for the quarter. AstroNova had a positive return on equity of 0.43% and a negative net margin of 0.14%.

Institutional Investors Weigh In On AstroNova

A number of institutional investors and hedge funds have recently modified their holdings of ALOT. Diamond Hill Capital Management Inc. raised its position in shares of AstroNova by 50.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 40,157 shares of the business services provider’s stock worth $609,000 after purchasing an additional 13,381 shares during the period. Janney Montgomery Scott LLC acquired a new stake in AstroNova during the 1st quarter worth about $167,000. Rutabaga Capital Management LLC MA grew its stake in AstroNova by 6.0% during the 3rd quarter. Rutabaga Capital Management LLC MA now owns 192,658 shares of the business services provider’s stock valued at $2,254,000 after acquiring an additional 10,935 shares in the last quarter. Grace & White Inc. NY increased its holdings in shares of AstroNova by 7.8% in the 3rd quarter. Grace & White Inc. NY now owns 146,659 shares of the business services provider’s stock valued at $1,716,000 after purchasing an additional 10,610 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of AstroNova by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 543,927 shares of the business services provider’s stock worth $8,251,000 after purchasing an additional 3,388 shares in the last quarter. 46.27% of the stock is owned by institutional investors and hedge funds.

AstroNova Company Profile

(Get Rating)

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).

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