AstroNova, Inc. (NASDAQ:ALOT – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 9,900 shares, a drop of 17.5% from the June 30th total of 12,000 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 0.7 days.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered AstroNova from a “strong-buy” rating to a “buy” rating in a research report on Monday.
Check Out Our Latest Research Report on AstroNova
AstroNova Price Performance
AstroNova (NASDAQ:ALOT – Get Free Report) last issued its earnings results on Thursday, June 6th. The business services provider reported $0.15 earnings per share (EPS) for the quarter. AstroNova had a return on equity of 8.52% and a net margin of 3.45%. The firm had revenue of $32.96 million for the quarter.
Hedge Funds Weigh In On AstroNova
An institutional investor recently bought a new position in AstroNova stock. O Shaughnessy Asset Management LLC acquired a new stake in shares of AstroNova, Inc. (NASDAQ:ALOT – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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. 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).
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