Astrotech (NASDAQ:ASTC) Announces Earnings Results

Astrotech (NASDAQ:ASTC) announced its earnings results on Friday. The aerospace company reported ($1.83) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.13 million for the quarter. Astrotech had a negative net margin of 1,397.82% and a negative return on equity of 81.85%.

Astrotech Price Performance

Shares of NASDAQ ASTC opened at $7.18 on Friday. The stock has a market capitalization of $15.15 million, a PE ratio of -0.85 and a beta of 4.88. Astrotech has a one year low of $1.91 and a one year high of $68.85. The business’s fifty day moving average price is $7.42 and its 200-day moving average price is $8.51.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Astrotech in a report on Monday, August 24th. Wall Street Zen lowered shares of Astrotech from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Astrotech

Several large investors have recently modified their holdings of ASTC. J. Safra Sarasin Holding AG bought a new position in Astrotech in the 1st quarter worth approximately $140,000. BlackRock Inc. bought a new stake in Astrotech during the 2nd quarter valued at $220,000. Finally, SCS Capital Management LLC bought a new stake in Astrotech during the 2nd quarter valued at $120,000. Hedge funds and other institutional investors own 24.35% of the company’s stock.

About Astrotech

Astrotech Corporation (NASDAQ: ASTC) is a technology company based in Austin, Texas, that develops and commercializes mass spectrometry and related analytical systems. The company’s technologies are designed to identify and analyze chemical compounds for applications in security, agriculture, industrial processing and health-related testing.

Astrotech operates through subsidiaries that include 1st Detect, which develops portable trace-detection systems intended to identify explosives, narcotics and other chemical substances; AgLAB, which focuses on analytical instruments for agricultural and industrial applications; and BreathTech, which is developing breath-analysis technologies.