AstroNova, Inc. (NASDAQ:ALOT – Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 7,800 shares, a decrease of 9.3% from the August 31st total of 8,600 shares. Based on an average daily volume of 12,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.
AstroNova Stock Performance
Shares of NASDAQ:ALOT opened at $13.14 on Friday. The firm’s 50 day simple moving average is $14.46 and its 200 day simple moving average is $15.95. AstroNova has a fifty-two week low of $11.79 and a fifty-two week high of $18.83. The company has a market capitalization of $98.73 million, a price-to-earnings ratio of 19.91 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.73.
Analyst Ratings Changes
Separately, StockNews.com raised AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 19th.
Institutional Investors Weigh In On AstroNova
An institutional investor recently bought a new position in AstroNova stock. O Shaughnessy Asset Management LLC acquired a new stake in shares of AstroNova, Inc. (NASDAQ:ALOT – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned approximately 0.15% of AstroNova at the end of the most recent reporting period. 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).
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