StockNews.com Initiates Coverage on AstroNova (NASDAQ:ALOT)

StockNews.com initiated coverage on shares of AstroNova (NASDAQ:ALOTGet Free Report) in a report issued on Tuesday. The brokerage set a “buy” rating on the business services provider’s stock.

AstroNova Price Performance

Shares of AstroNova stock opened at $11.73 on Tuesday. The stock has a market capitalization of $88.33 million, a P/E ratio of 23.46 and a beta of 0.67. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average price is $13.44 and its 200 day moving average price is $13.94. AstroNova has a twelve month low of $11.00 and a twelve month high of $18.25.

AstroNova (NASDAQ:ALOTGet Free Report) last issued its earnings results on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Diamond Hill Capital Management Inc. boosted its position in AstroNova by 23.6% during 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 during the period. Geode Capital Management LLC raised its stake in shares of AstroNova by 10.5% during the third 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 in the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in AstroNova in the fourth quarter worth about $1,536,000. Institutional investors own 43.02% of the company’s stock.

AstroNova Company Profile

(Get Free Report)

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).

Further Reading

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