AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 25,100 shares, a growth of 28.7% from the November 30th total of 19,500 shares. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the company’s stock are sold short.

AstroNova Stock Performance

ALOT stock opened at $12.36 on Friday. AstroNova has a one year low of $11.82 and a one year high of $18.83. The firm has a market cap of $93.06 million, a price-to-earnings ratio of 14.71 and a beta of 0.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 1.87. The firm has a 50-day simple moving average of $14.22 and a two-hundred day simple moving average of $14.42.

AstroNova (NASDAQ:ALOT) last posted its earnings results on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%.

Institutional Trading of AstroNova

A hedge fund recently raised its stake in AstroNova stock. Diamond Hill Capital Management Inc. raised its holdings in AstroNova, Inc. (NASDAQ:ALOT) by 23.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,000 shares of the business services provider’s stock after buying an additional 13,000 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.90% of AstroNova worth $915,000 at the end of the most recent reporting period. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut AstroNova from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th.

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).