StockNews.com initiated coverage on shares of AstroNova (NASDAQ:ALOT – Get Rating) in a report issued on Monday. The firm set a "strong-buy" rating on the business services provider's stock.

AstroNova Trading Down 0.3 %

ALOT opened at $11.65 on Monday. The firm's fifty day moving average is $12.18 and its two-hundred day moving average is $12.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 3.00. AstroNova has a twelve month low of $10.97 and a twelve month high of $18.52. The firm has a market cap of $85.59 million, a PE ratio of -582.50 and a beta of 0.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in AstroNova in the 1st quarter valued at about $167,000. State Street Corp lifted its holdings in shares of AstroNova by 15.9% during the 1st quarter. State Street Corp now owns 18,889 shares of the business services provider's stock worth $287,000 after acquiring an additional 2,589 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in AstroNova by 50.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 40,157 shares of the business services provider's stock valued at $609,000 after purchasing an additional 13,381 shares during the last quarter. Grace & White Inc. NY lifted its stake in AstroNova by 7.4% in the 2nd quarter. Grace & White Inc. NY now owns 136,049 shares of the business services provider's stock valued at $1,630,000 after purchasing an additional 9,381 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA lifted its stake in AstroNova by 0.6% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 181,723 shares of the business services provider's stock valued at $2,177,000 after purchasing an additional 1,100 shares during the last quarter. 46.27% of the stock is currently 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).

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