StockNews.com Lowers AstroNova (NASDAQ:ALOT) to Buy

StockNews.com downgraded shares of AstroNova (NASDAQ:ALOT) from a strong-buy rating to a buy rating in a report released on Wednesday morning.

AstroNova Trading Up 0.3 %

Shares of AstroNova stock opened at $14.89 on Wednesday. AstroNova has a 1 year low of $11.79 and a 1 year high of $18.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 3.07. The company has a market capitalization of $111.88 million, a P/E ratio of 22.56 and a beta of 0.55. The company’s fifty day moving average is $14.65 and its two-hundred day moving average is $16.20.

Institutional Trading of AstroNova

A hedge fund recently raised its stake in AstroNova stock. Vanguard Group Inc. lifted its stake in AstroNova, Inc. (NASDAQ:ALOT) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,546 shares of the business services provider’s stock after purchasing an additional 2,700 shares during the period. Vanguard Group Inc. owned approximately 4.67% of AstroNova worth $6,229,000 as of its most recent SEC filing. Institutional investors and hedge funds own 43.02% of the company’s stock.

About AstroNova

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).