AstroNova (NASDAQ:ALOT) Research Coverage Started at StockNews.com

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

AstroNova Trading Down 1.9 %

AstroNova stock opened at $11.51 on Tuesday. The firm has a market cap of $86.66 million, a price-to-earnings ratio of 23.02 and a beta of 0.67. AstroNova has a 1 year low of $11.00 and a 1 year high of $18.25. The firm’s 50 day moving average price is $13.38 and its two-hundred day moving average price is $13.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Institutional Investors Weigh In On AstroNova

A number of large investors have recently made changes to their positions in ALOT. Geode Capital Management LLC boosted 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 worth $933,000 after purchasing an additional 6,592 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of AstroNova by 23.6% in the third 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 in the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in shares of AstroNova in the fourth quarter worth $1,536,000. Institutional investors and hedge funds 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).