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

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a research report sent to investors on Thursday. The firm issued a buy rating on the business services provider’s stock.

AstroNova Price Performance

NASDAQ ALOT opened at $11.89 on Thursday. The stock has a market capitalization of $89.53 million, a P/E ratio of 23.78 and a beta of 0.66. AstroNova has a 1 year low of $11.00 and a 1 year high of $18.25. The business’s fifty day moving average is $12.66 and its two-hundred day moving average is $13.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Peapod Lane Capital LLC bought a new position in shares of AstroNova in the fourth quarter valued at $1,536,000. Diamond Hill Capital Management Inc. increased its holdings in shares of 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 in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 in the last quarter. Institutional investors 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).