AstroNova (NASDAQ:ALOT) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of AstroNova (NASDAQ:ALOT) in a research note issued to investors on Tuesday. The brokerage issued a buy rating on the business services provider’s stock.

AstroNova Price Performance

NASDAQ ALOT opened at $9.18 on Tuesday. The firm’s fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $12.90. The firm has a market capitalization of $69.12 million, a P/E ratio of 18.36 and a beta of 0.62. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. AstroNova has a 12-month low of $9.12 and a 12-month high of $18.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALOT. Bridgeway Capital Management LLC grew its stake in shares of AstroNova by 7.0% during 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 last quarter. Northern Trust Corp grew its position in AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after purchasing an additional 8,314 shares during the last quarter. Geode Capital Management LLC increased its stake in AstroNova by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings 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 buying an additional 15,544 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in shares of AstroNova during the fourth quarter worth $1,536,000. 43.02% of the stock is owned by institutional investors and hedge funds.

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).