AstroNova (NASDAQ:ALOT) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a research report issued on Tuesday. The firm set a “buy” rating on the business services provider’s stock.

AstroNova Trading Down 6.3 %

Shares of ALOT opened at $8.60 on Tuesday. The stock has a market capitalization of $64.75 million, a P/E ratio of 17.20 and a beta of 0.62. AstroNova has a twelve month low of $8.60 and a twelve month high of $18.25. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $12.87.

Institutional Investors Weigh In On AstroNova

A number of large investors have recently made changes to their positions in ALOT. Bridgeway Capital Management LLC raised its holdings in shares of AstroNova by 7.0% during the fourth 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 in the last quarter. Northern Trust Corp raised its holdings in AstroNova by 14.6% in the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after purchasing an additional 8,314 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of AstroNova by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after purchasing an additional 1,226 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of AstroNova by 22.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after purchasing an additional 15,544 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in shares of AstroNova during the fourth quarter valued at about $1,536,000. 43.02% of the stock is currently owned by institutional investors.

About AstroNova

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).