AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 28.7% in February

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 9,700 shares, a drop of 28.7% from the January 31st total of 13,600 shares. Based on an average trading volume of 16,700 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on AstroNova in a research report on Saturday. They set a “buy” rating for the company.

AstroNova Stock Performance

Shares of ALOT opened at $10.26 on Wednesday. The company has a market capitalization of $77.25 million, a PE ratio of 20.52 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. AstroNova has a one year low of $10.26 and a one year high of $18.25. The company’s fifty day moving average price is $11.75 and its 200 day moving average price is $13.36.

AstroNova (NASDAQ:ALOT) last announced its earnings results 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%.

Hedge Funds Weigh In On AstroNova

Several large investors have recently bought and sold shares of the stock. Diamond Hill Capital Management Inc. lifted its stake 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 buying an additional 13,000 shares during the period. Geode Capital Management LLC grew its holdings in shares of AstroNova by 10.5% during 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 in the last quarter. Peapod Lane Capital LLC bought a new stake in shares of AstroNova during the fourth quarter valued at approximately $1,536,000. Northern Trust Corp raised 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 valued at $785,000 after purchasing an additional 8,314 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in 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 purchasing an additional 2,574 shares during the period. 43.02% of the stock is currently 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).