AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 11.1% in January

AstroNova, Inc. (NASDAQ:ALOT) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 13,600 shares, a decline of 11.1% from the January 15th total of 15,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 16,700 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of AstroNova in a research report on Thursday, February 13th. They set a “buy” rating on the stock.

Hedge Funds Weigh In On AstroNova

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of AstroNova by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 1,226 shares during the period. Bridgeway Capital Management LLC grew its position in shares of AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 2,574 shares during the period. Northern Trust Corp grew its position in shares of AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 8,314 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of AstroNova by 23.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 13,000 shares during the period. Finally, Peapod Lane Capital LLC bought a new position in shares of AstroNova during the 4th quarter valued at approximately $1,536,000. Institutional investors and hedge funds own 43.02% of the company’s stock.

AstroNova Stock Performance

NASDAQ ALOT opened at $11.80 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. AstroNova has a fifty-two week low of $11.00 and a fifty-two week high of $18.25. The stock has a market cap of $88.85 million, a PE ratio of 23.60 and a beta of 0.66. The firm’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $13.62.

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

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).