AstroNova (NASDAQ:ALOT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a report released on Friday morning. The firm issued a buy rating on the business services provider’s stock.

AstroNova Stock Down 4.2 %

Shares of AstroNova stock opened at $11.49 on Friday. The company has a fifty day moving average price of $12.12 and a 200 day moving average price of $13.52. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. AstroNova has a twelve month low of $11.00 and a twelve month high of $18.25. The stock has a market cap of $86.52 million, a price-to-earnings ratio of 22.98 and a beta of 0.66.

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 Trading of AstroNova

A number of institutional investors have recently added to or reduced their stakes in ALOT. Bridgeway Capital Management LLC boosted its position in AstroNova by 7.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after buying an additional 2,574 shares during the last quarter. Northern Trust Corp boosted its position in AstroNova by 14.6% in the 4th 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. Geode Capital Management LLC boosted its position in AstroNova by 1.8% in the 4th 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. Diamond Hill Capital Management Inc. boosted its position in AstroNova by 23.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after buying an additional 13,000 shares during the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in AstroNova in the 4th quarter valued at about $1,536,000. 43.02% of the stock is owned by hedge funds and other institutional investors.

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).