Zacks: AstroNova Inc (NASDAQ:ALOT) Given Average Recommendation of “Buy” by Analysts

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Shares of AstroNova Inc (NASDAQ:ALOT) have been given an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.

Brokers have set a 12-month consensus price objective of $28.00 for the company and are predicting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given AstroNova an industry rank of 88 out of 255 based on the ratings given to related companies.

A number of research firms have weighed in on ALOT. TheStreet cut shares of AstroNova from a “b-” rating to a “c+” rating in a report on Tuesday, October 29th. ValuEngine raised shares of AstroNova from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Finally, Zacks Investment Research raised shares of AstroNova from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 29th.

Shares of NASDAQ ALOT traded down $0.65 during trading hours on Friday, hitting $14.99. 84,500 shares of the stock were exchanged, compared to its average volume of 17,267. The company has a quick ratio of 1.05, a current ratio of 2.42 and a debt-to-equity ratio of 0.16. AstroNova has a 12 month low of $14.76 and a 12 month high of $27.96. The firm has a fifty day moving average price of $15.96 and a 200-day moving average price of $21.05. The company has a market cap of $113.92 million, a PE ratio of 18.28, a PEG ratio of 1.80 and a beta of 0.36.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Wednesday, August 28th. The business services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). AstroNova had a return on equity of 9.17% and a net margin of 4.52%. The company had revenue of $33.47 million for the quarter. As a group, equities analysts anticipate that AstroNova will post 0.75 earnings per share for the current fiscal year.

In other AstroNova news, Director Richard S. Warzala bought 2,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $16.53 per share, with a total value of $33,060.00. Following the acquisition, the director now directly owns 9,496 shares of the company’s stock, valued at approximately $156,968.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 7.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of AstroNova by 1,426.7% in the 2nd quarter. BlackRock Inc. now owns 407,199 shares of the business services provider’s stock valued at $10,521,000 after acquiring an additional 380,527 shares during the period. Vanguard Group Inc. increased its holdings in shares of AstroNova by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 342,913 shares of the business services provider’s stock valued at $8,861,000 after acquiring an additional 43,926 shares during the period. Renaissance Technologies LLC increased its holdings in shares of AstroNova by 16.2% in the 2nd quarter. Renaissance Technologies LLC now owns 257,176 shares of the business services provider’s stock valued at $6,645,000 after acquiring an additional 35,926 shares during the period. Roubaix Capital LLC increased its holdings in shares of AstroNova by 20.3% in the 2nd quarter. Roubaix Capital LLC now owns 132,203 shares of the business services provider’s stock valued at $3,416,000 after acquiring an additional 22,270 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of AstroNova by 19.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 130,405 shares of the business services provider’s stock valued at $2,108,000 after acquiring an additional 20,898 shares during the period. 61.46% 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, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).

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