AstroNova (NASDAQ:ALOT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOTGet Rating) in a report published on Wednesday morning. The firm issued a strong-buy rating on the business services provider’s stock.

AstroNova Price Performance

Shares of NASDAQ:ALOT opened at $13.25 on Wednesday. AstroNova has a 1-year low of $10.97 and a 1-year high of $15.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.96 and a quick ratio of 0.75. The business has a fifty day moving average price of $12.56 and a 200-day moving average price of $12.22. The company has a market capitalization of $97.39 million, a PE ratio of 165.65 and a beta of 0.60.

AstroNova (NASDAQ:ALOTGet Rating) last released its quarterly earnings data on Wednesday, December 7th. The business services provider reported $0.11 EPS for the quarter. AstroNova had a return on equity of 1.33% and a net margin of 0.41%. The company had revenue of $39.41 million for the quarter.

Institutional Investors Weigh In On AstroNova

Institutional investors have recently modified their holdings of the business. Grace & White Inc. NY boosted its position in shares of AstroNova by 7.8% during the third quarter. Grace & White Inc. NY now owns 146,659 shares of the business services provider’s stock valued at $1,716,000 after buying an additional 10,610 shares during the last quarter. Rutabaga Capital Management LLC MA boosted its position in shares of AstroNova by 0.6% during the second quarter. Rutabaga Capital Management LLC MA now owns 181,723 shares of the business services provider’s stock valued at $2,177,000 after buying an additional 1,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in AstroNova by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 543,927 shares of the business services provider’s stock worth $8,251,000 after purchasing an additional 3,388 shares during the last quarter. State Street Corp boosted its position in AstroNova by 15.9% in the first 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 during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in AstroNova by 124.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,136 shares of the business services provider’s stock worth $25,000 after purchasing an additional 1,186 shares during the last quarter. 45.84% of the stock is owned by hedge funds and other institutional investors.

About AstroNova

(Get Rating)

AstroNova, Inc engages in the design, development, manufacture, and distribution of specialty printers and data acquisition and analysis systems. It operates through the Product Identification (PI) and Test and Measurement (T&M) segments. The PI segment offers digital label printers, over-printers, labeling software, spare parts, service contracts, and related printing supplies such as pressure sensitive labels, tags, inks, toners, and thermal transfer ribbons used in product identification digital printers.

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