AstroNova (NASDAQ:ALOT) Rating Lowered to Buy at StockNews.com

AstroNova (NASDAQ:ALOT) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

AstroNova Stock Performance

ALOT stock traded up $0.31 during trading hours on Monday, hitting $15.34. 5,232 shares of the stock were exchanged, compared to its average volume of 12,423. The company has a 50-day simple moving average of $15.82 and a two-hundred day simple moving average of $16.91. The firm has a market capitalization of $115.20 million, a P/E ratio of 23.24 and a beta of 0.61. AstroNova has a 12 month low of $11.79 and a 12 month high of $18.83. The company has a current ratio of 3.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings data on Thursday, June 6th. The business services provider reported $0.15 earnings per share for the quarter. The business had revenue of $32.96 million during the quarter. AstroNova had a net margin of 3.45% and a return on equity of 8.52%.

Hedge Funds Weigh In On AstroNova

A hedge fund recently raised its stake in AstroNova stock. Vanguard Group Inc. lifted its stake in shares of AstroNova, Inc. (NASDAQ:ALOT) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 349,546 shares of the business services provider’s stock after purchasing an additional 2,700 shares during the quarter. Vanguard Group Inc. owned 4.67% of AstroNova worth $6,229,000 as of its most recent SEC filing. 43.02% of the stock is owned by institutional investors.

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).