AstroNova (NASDAQ:ALOT) Downgraded to “Buy” at StockNews.com

StockNews.com downgraded shares of AstroNova (NASDAQ:ALOT) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.

AstroNova Trading Up 0.3 %

Shares of NASDAQ:ALOT opened at $14.89 on Wednesday. The business’s 50 day moving average price is $14.65 and its 200-day moving average price is $16.19. AstroNova has a 1 year low of $11.79 and a 1 year high of $18.83. The firm has a market capitalization of $111.88 million, a price-to-earnings ratio of 22.56 and a beta of 0.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.07 and a quick ratio of 1.10.

Institutional Trading of AstroNova

An institutional investor recently bought a new position in AstroNova stock. O Shaughnessy Asset Management LLC bought a new stake in shares of AstroNova, Inc. (NASDAQ:ALOT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned about 0.15% of AstroNova at the end of the most recent reporting period. 43.02% of the stock is currently owned by institutional investors.

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).