AstroNova (NASDAQ:ALOT) Now Covered by Analysts at StockNews.com

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

AstroNova Stock Down 1.9 %

ALOT opened at $11.51 on Tuesday. The company has a market capitalization of $86.66 million, a PE ratio of 23.02 and a beta of 0.67. The business has a 50-day moving average of $13.38 and a 200-day moving average of $13.92. AstroNova has a fifty-two week low of $11.00 and a fifty-two week high of $18.25. 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 posted its earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Institutional Investors Weigh In On AstroNova

Large investors have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. lifted its position in shares of AstroNova by 23.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after buying an additional 13,000 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of AstroNova by 10.5% in the 3rd 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 in the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in AstroNova in the 4th quarter worth approximately $1,536,000. 43.02% of the stock is currently owned by 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).