AstroNova (NASDAQ:ALOT) Downgraded by StockNews.com

AstroNova (NASDAQ:ALOT) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.

AstroNova Trading Up 2.1 %

NASDAQ ALOT traded up $0.31 during trading on Monday, hitting $15.34. The company had a trading volume of 5,232 shares, compared to its average volume of 12,423. The company’s fifty day moving average is $15.82 and its 200-day moving average is $16.91. AstroNova has a one year low of $11.79 and a one year high of $18.83. The company has a current ratio of 3.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. The company has a market cap of $115.20 million, a price-to-earnings ratio of 23.24 and a beta of 0.61.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings results on Thursday, June 6th. The business services provider reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $32.96 million during the quarter. AstroNova had a net margin of 3.45% and a return on equity of 8.52%.

Hedge Funds Weigh In On AstroNova

An institutional investor recently bought a new position in AstroNova stock. O Shaughnessy Asset Management LLC purchased a new position in AstroNova, Inc. (NASDAQ:ALOT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned approximately 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).