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

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a research report released on Monday morning. The firm issued a buy rating on the business services provider’s stock.

AstroNova Price Performance

ALOT opened at $10.65 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $11.42 and its 200 day simple moving average is $13.10. The firm has a market cap of $80.18 million, a price-to-earnings ratio of 21.30 and a beta of 0.62. AstroNova has a 1 year low of $9.70 and a 1 year high of $18.25.

Institutional Investors Weigh In On AstroNova

Several hedge funds have recently added to or reduced their stakes in ALOT. Geode Capital Management LLC increased its position in 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 acquiring an additional 6,592 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in AstroNova during the fourth quarter valued at about $1,536,000. Diamond Hill Capital Management Inc. boosted its stake in shares of AstroNova by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock worth $1,003,000 after acquiring an additional 15,544 shares during the period. Northern Trust Corp boosted its stake in shares of AstroNova by 14.6% in the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after acquiring an additional 8,314 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in shares of AstroNova by 7.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock worth $472,000 after acquiring an additional 2,574 shares during the period. 43.02% of the stock is owned by institutional investors.

AstroNova Company Profile

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).