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

StockNews.com started coverage on shares of AstroNova (NASDAQ:ALOT) in a research note released on Saturday morning. The brokerage issued a buy rating on the business services provider’s stock.

AstroNova Trading Down 0.4 %

Shares of ALOT stock opened at $10.86 on Friday. The company’s 50-day moving average price is $11.86 and its 200-day moving average price is $13.42. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The stock has a market cap of $81.76 million, a price-to-earnings ratio of 21.72 and a beta of 0.66. AstroNova has a twelve month low of $10.29 and a twelve month high of $18.25.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Mink Brook Asset Management LLC acquired a new position in AstroNova in the fourth quarter valued at about $4,507,000. Peapod Lane Capital LLC acquired a new position in AstroNova in the fourth quarter valued at about $1,536,000. Diamond Hill Capital Management Inc. lifted its position in 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 valued at $1,003,000 after buying an additional 15,544 shares during the last quarter. Geode Capital Management LLC lifted its position in AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after buying an additional 1,226 shares during the last quarter. Finally, Northern Trust Corp lifted its position in 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 buying an additional 8,314 shares during the last quarter. Institutional investors and hedge funds own 43.02% of the company’s stock.

AstroNova Company Profile

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).