AstroNova (NASDAQ:ALOT) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

AstroNova, Inc. (NASDAQ:ALOT)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.71 and traded as high as $14.28. AstroNova shares last traded at $14.02, with a volume of 33,715 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a research note on Wednesday, January 21st. Wall Street Zen raised AstroNova to a “buy” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

AstroNova Price Performance

The stock has a 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $9.71. The company has a market cap of $107.81 million, a price-to-earnings ratio of -45.22 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.84 and a quick ratio of 0.72.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Tuesday, April 14th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The company had revenue of $37.54 million for the quarter, compared to analyst estimates of $29.19 million. AstroNova had a positive return on equity of 1.53% and a negative net margin of 1.58%.

Hedge Funds Weigh In On AstroNova

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALOT. Geode Capital Management LLC boosted its stake in AstroNova by 1.4% during the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after buying an additional 1,036 shares during the last quarter. Jane Street Group LLC acquired a new position in AstroNova during the second quarter worth $140,000. Diamond Hill Capital Management Inc. boosted its stake in AstroNova by 10.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 140,739 shares of the business services provider’s stock worth $1,441,000 after buying an additional 12,992 shares during the last quarter. Vanguard Group Inc. raised its position in AstroNova by 2.8% in the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock valued at $3,606,000 after purchasing an additional 9,533 shares during the period. Finally, Peapod Lane Capital LLC raised its position in AstroNova by 6.1% in the third quarter. Peapod Lane Capital LLC now owns 130,361 shares of the business services provider’s stock valued at $1,335,000 after purchasing an additional 7,517 shares during the period. Institutional investors and hedge funds own 43.02% of the company’s stock.

AstroNova Company Profile

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.