AstroNova (NASDAQ:ALOT) Lowered to “Buy” Rating by StockNews.com

AstroNova (NASDAQ:ALOT) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

AstroNova Trading Down 5.8 %

Shares of AstroNova stock opened at $14.14 on Thursday. The stock has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $14.75. AstroNova has a 12-month low of $11.82 and a 12-month high of $18.83. The company has a market capitalization of $106.35 million, a P/E ratio of 28.28 and a beta of 0.61. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. AstroNova had a return on equity of 7.77% and a net margin of 4.20%.

Institutional Investors Weigh In On AstroNova

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in AstroNova by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock valued at $6,229,000 after purchasing an additional 2,700 shares during the period. Geode Capital Management LLC grew its stake in AstroNova by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 6,592 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its stake in 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 valued at $915,000 after purchasing an additional 13,000 shares during the period. Institutional investors 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).