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

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

AstroNova Trading Down 1.8 %

Shares of AstroNova stock opened at $11.60 on Thursday. The business has a 50 day moving average price of $12.74 and a 200 day moving average price of $13.70. The company has a market capitalization of $87.35 million, a P/E ratio of 23.20 and a beta of 0.66. 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 has a 1 year low of $11.00 and a 1 year high of $18.25.

AstroNova (NASDAQ:ALOT) last announced 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 Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in 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 valued at $915,000 after acquiring an additional 13,000 shares during the period. Finally, Peapod Lane Capital LLC bought a new position in AstroNova during the 4th quarter worth $1,536,000. 43.02% of the stock is owned by institutional investors and hedge funds.

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).