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

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

AstroNova Price Performance

AstroNova stock opened at $13.33 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 1.87. The company’s fifty day moving average price is $14.29 and its 200 day moving average price is $15.82. The stock has a market capitalization of $100.16 million, a P/E ratio of 20.20 and a beta of 0.55. AstroNova has a 1 year low of $11.79 and a 1 year high of $18.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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. Hedge funds and other institutional investors 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).