Separately, Zacks Investment Research upgraded AstroNova from a strong sell rating to a hold rating in a research note on Tuesday, August 6th.
Shares of ALOT stock opened at $22.54 on Tuesday. AstroNova has a 52-week low of $16.74 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 2.73. The firm has a market capitalization of $155.58 million, a PE ratio of 23.87, a PEG ratio of 2.06 and a beta of 0.24. The stock has a fifty day simple moving average of $24.26 and a two-hundred day simple moving average of $23.38.
A number of hedge funds have recently modified their holdings of ALOT. Cavalier Investments LLC purchased a new stake in AstroNova in the 2nd quarter worth $41,000. Acadian Asset Management LLC increased its stake in AstroNova by 337.0% in the 2nd quarter. Acadian Asset Management LLC now owns 6,289 shares of the business services provider’s stock worth $162,000 after buying an additional 4,850 shares in the last quarter. Wells Fargo & Company MN increased its stake in AstroNova by 7.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,992 shares of the business services provider’s stock worth $180,000 after buying an additional 474 shares in the last quarter. Corrado Advisors LLC purchased a new stake in AstroNova in the 2nd quarter worth $196,000. Finally, Algert Global LLC purchased a new stake in AstroNova in the 2nd quarter worth $236,000. Institutional investors and hedge funds own 59.84% of the company’s stock.
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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