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

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

AstroNova Stock Performance

Shares of NASDAQ ALOT opened at $9.56 on Tuesday. The stock’s 50-day moving average is $11.26 and its 200 day moving average is $12.94. The stock has a market cap of $71.98 million, a price-to-earnings ratio of 19.12 and a beta of 0.62. AstroNova has a 1-year low of $9.39 and a 1-year high of $18.25. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On AstroNova

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in AstroNova by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock worth $933,000 after purchasing an additional 6,592 shares during the period. Peapod Lane Capital LLC purchased a new position in shares of AstroNova in the fourth quarter worth about $1,536,000. Diamond Hill Capital Management Inc. lifted its stake in shares of AstroNova by 22.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after acquiring an additional 15,544 shares during the last quarter. Northern Trust Corp boosted its holdings in AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 8,314 shares during the period. Finally, Mink Brook Asset Management LLC bought a new position in AstroNova during the 4th quarter worth approximately $4,507,000. Hedge funds and other 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).