AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 45.6% in October

AstroNova, Inc. (NASDAQ:ALOT) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 13,500 shares, a decline of 45.6% from the October 15th total of 24,800 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALOT. Vanguard Group Inc. raised its position in shares of AstroNova by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock worth $6,229,000 after acquiring an additional 2,700 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of AstroNova in the 1st quarter worth about $206,000. Finally, Diamond Hill Capital Management Inc. raised its position in shares of AstroNova by 23.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after acquiring an additional 13,000 shares in the last quarter. 43.02% of the stock is owned by institutional investors.

AstroNova Trading Up 0.4 %

NASDAQ ALOT opened at $14.11 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. AstroNova has a twelve month low of $11.82 and a twelve month high of $18.83. The company has a market cap of $106.11 million, a price-to-earnings ratio of 16.74 and a beta of 0.55. The business’s fifty day moving average is $13.89 and its 200 day moving average is $15.11.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Monday, September 16th. The business services provider reported $0.08 earnings per share for the quarter. The company had revenue of $40.54 million for the quarter. AstroNova had a return on equity of 7.77% and a net margin of 4.20%.

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).