Zacks: Astrotech Corp (NASDAQ:ASTC) Receives Consensus Rating of “Strong Buy” from Analysts

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Shares of Astrotech Corp (NASDAQ:ASTC) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $5.00 for the company, according to Zacks. Zacks has also given Astrotech an industry rank of 100 out of 255 based on the ratings given to related companies.

Separately, ValuEngine downgraded Astrotech from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st.

ASTC traded down $0.06 on Friday, reaching $1.79. The company had a trading volume of 900 shares, compared to its average volume of 175,047. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.15 and a quick ratio of 1.02. Astrotech has a 1 year low of $1.16 and a 1 year high of $5.50. The stock has a 50-day moving average price of $1.61 and a 200-day moving average price of $2.36.

Astrotech (NASDAQ:ASTC) last posted its earnings results on Friday, September 27th. The aerospace company reported ($0.30) EPS for the quarter. The firm had revenue of $0.09 million during the quarter.

Astrotech Company Profile

Astrotech Corporation operates as a science and technology development and commercialization company in the United States. It operates through two segments, Astro Scientific and Astral Images Corporation. The Astro Scientific segment manufactures chemical detection and analysis instrumentation that detects and identifies trace amounts of explosives and narcotics.

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