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

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

AstroNova Stock Performance

NASDAQ:ALOT opened at $11.34 on Wednesday. The stock has a 50 day simple moving average of $13.10 and a 200 day simple moving average of $13.82. The stock has a market cap of $85.39 million, a P/E ratio of 22.68 and a beta of 0.66. AstroNova has a 1-year low of $11.00 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.

AstroNova (NASDAQ:ALOT) last posted its earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALOT. Diamond Hill Capital Management Inc. boosted its stake 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 valued at $915,000 after buying an additional 13,000 shares during the period. Geode Capital Management LLC raised its holdings 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 valued at $933,000 after acquiring an additional 6,592 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in shares of AstroNova during the 4th quarter valued at $1,536,000. 43.02% of the stock is 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).