StockNews.com Begins Coverage on AstroNova (NASDAQ:ALOT)

Equities research analysts at StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a research report issued on Sunday. The brokerage set a “buy” rating on the business services provider’s stock.

AstroNova Trading Down 3.9 %

Shares of AstroNova stock opened at $9.90 on Friday. AstroNova has a 1 year low of $9.83 and a 1 year high of $18.25. The stock has a fifty day moving average price of $11.55 and a 200-day moving average price of $13.24. The firm has a market cap of $74.54 million, a PE ratio of 19.80 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings data 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 Trading of AstroNova

Large investors have recently added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. increased its position in shares of AstroNova by 23.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 13,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in AstroNova by 10.5% during the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after acquiring an additional 6,592 shares during the period. Peapod Lane Capital LLC purchased a new position in AstroNova in the 4th quarter worth approximately $1,536,000. Northern Trust Corp boosted its position in shares of AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after acquiring an additional 8,314 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in shares of AstroNova by 7.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2,574 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).