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

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT – Get 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:ALOT – Get 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

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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.