AstroNova (NASDAQ:ALOT) Earns Buy Rating from Analysts at StockNews.com

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

AstroNova Trading Down 0.9 %

Shares of NASDAQ ALOT opened at $10.64 on Monday. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $80.11 million, a PE ratio of 21.28 and a beta of 0.62. AstroNova has a twelve month low of $9.70 and a twelve month high of $18.25. The stock has a fifty day simple moving average of $11.37 and a 200-day simple moving average of $13.06.

Hedge Funds Weigh In On AstroNova

Several institutional investors have recently modified their holdings of ALOT. Bridgeway Capital Management LLC boosted its holdings in AstroNova by 7.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2,574 shares during the period. Northern Trust Corp raised its position in AstroNova by 14.6% in the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 8,314 shares in the last quarter. Geode Capital Management LLC boosted 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 buying an additional 6,592 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of AstroNova by 22.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock worth $1,003,000 after buying an additional 15,544 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in shares of AstroNova during the fourth quarter worth approximately $1,536,000. Institutional investors and hedge funds 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).