AstroNova (NASDAQ:ALOT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT) in a report issued on Saturday. The brokerage issued a buy rating on the business services provider’s stock.

AstroNova Stock Down 1.0 %

NASDAQ:ALOT opened at $10.75 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. The firm has a market cap of $80.94 million, a P/E ratio of 21.50 and a beta of 0.66. AstroNova has a fifty-two week low of $10.29 and a fifty-two week high of $18.25. The firm has a 50-day simple moving average of $11.82 and a two-hundred day simple moving average of $13.39.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC bought a new stake in AstroNova in the 4th quarter worth about $4,507,000. Peapod Lane Capital LLC purchased a new stake in shares of AstroNova during the 4th quarter valued at about $1,536,000. Diamond Hill Capital Management Inc. grew its stake in shares of AstroNova by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock worth $1,003,000 after acquiring an additional 15,544 shares during the period. Northern Trust Corp raised its holdings in shares of AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 8,314 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in AstroNova by 10.5% during the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 6,592 shares during the period. Hedge funds and other institutional investors own 43.02% of the company’s stock.

AstroNova Company Profile

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).