StockNews.com initiated coverage on shares of AstroNova (NASDAQ:ALOT – Get Rating) in a research report released on Saturday. The brokerage issued a strong-buy rating on the business services provider's stock.
AstroNova Trading Up 0.6 %
NASDAQ:ALOT opened at $11.93 on Friday. The company has a current ratio of 3.00, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $87.65 million, a price-to-earnings ratio of -596.50 and a beta of 0.67. The firm has a fifty day simple moving average of $12.16 and a two-hundred day simple moving average of $12.97. AstroNova has a 12 month low of $10.97 and a 12 month high of $18.52.
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Hedge Funds Weigh In On AstroNova
Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in AstroNova in the 1st quarter worth approximately $167,000. State Street Corp raised its holdings in AstroNova by 15.9% in the 1st quarter. State Street Corp now owns 18,889 shares of the business services provider's stock worth $287,000 after purchasing an additional 2,589 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of 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 worth $609,000 after buying an additional 13,381 shares during the period. Grace & White Inc. NY grew its position in AstroNova by 7.4% during 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 boosted its holdings in shares of AstroNova by 0.6% during 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 acquiring an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 46.27% of the company's stock.
About AstroNova
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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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