AstroNova (NASDAQ:ALOT) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of AstroNova (NASDAQ:ALOT) from a buy rating to a strong-buy rating in a report published on Thursday morning.

AstroNova Price Performance

Shares of AstroNova stock opened at $14.35 on Thursday. AstroNova has a 52-week low of $11.79 and a 52-week high of $18.83. The stock has a market capitalization of $107.83 million, a price-to-earnings ratio of 21.74 and a beta of 0.55. The company has a fifty day moving average of $14.16 and a 200-day moving average of $15.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 1.87.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings data on Monday, September 16th. The business services provider reported $0.08 earnings per share (EPS) for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%. The company had revenue of $40.54 million during the quarter.

Institutional Investors Weigh In On AstroNova

An institutional investor recently bought a new position in AstroNova stock. O Shaughnessy Asset Management LLC acquired a new position in AstroNova, Inc. (NASDAQ:ALOT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned approximately 0.15% of AstroNova at the end of the most recent quarter. 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).